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Your Input Please New rules for payments by credit and debit cards

Discussion in 'Online Casinos' started by davidsmith56, Jul 20, 2017.

    Jul 20, 2017
  1. davidsmith56

    davidsmith56 Senior Member

    Occupation:
    retired civil servant
    Location:
    Kent,United Kingdom
    Interesting announcement that has just been made that as from January next year,companies will not be allowed to impose a surcharge on card payments.Does this mean that online casinos will no longer be able to charge for deposits made in this way.
     
  2. Jul 20, 2017
  3. goatwack

    goatwack Calendar Time for Buddy CAG

    Occupation:
    Stuntman
    Location:
    Londonia
    Expect slots to be 15% more rigged about January time :mad:

    Only kidding :cool:




    more like 25%
     
  4. Jul 21, 2017
  5. Smith699

    Smith699 Banned User - spamming twat

    Location:
    BAN
    I think so....
     
  6. Jul 21, 2017
  7. DreamRJ

    DreamRJ Out of this world! MM webmeister

    Occupation:
    Gamble
    Location:
    RJVille UK
    Duplicate & Similar thread to one that has already been posted: https://www.casinomeister.com/forums/payment-processing-issues/80052-charges-credit-debit-cards-banned-uk.html

    But my 2 cents is yes and all it will mean is the casinos will just find or add their own charge instead to cover it. As will all other industries.
     
  8. Jul 21, 2017
  9. steveh35

    steveh35 Meister Member

    Occupation:
    ..
    Location:
    doncaster
  10. Jul 21, 2017
  11. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    Another stupid rule made by the government.

    Nobody likes fees, but if a business wants to get the fee back they will increase prices. downside is, if you currently pay 50p per transaction, and they add 5p to every item then if you buy 11 things you are out of pocket.

    Having said that I don't believe the casinos that charge are charging at cost, its another form of revenue.

    I don't mind charges, well reasonable charges, depending on the transaction size. I used to charge 50p on anything under £5. That was my cost for a debit card transaction, we used to sell a lot of 99p items which would cost us around 66p. If we sold one to a customer using a debit card, we would be 17p out of pocket if we didn't charge.

    The rules are, surcharging is allowed only to the extent of passing on the cost of processing the payment i.e. it is not permissible to gain additional profit through surcharging.

    I refuse to play at any casino that charges 2.5%, which seems to be more and more. If they are being charged 2.5% for debit card transactions then they should look at a new provider. Worldpay as an example only charge 0.75% (and you can get discounts if you do a lot of transactions), Barclays are around 1.75%.
     
  12. Jul 21, 2017
  13. mac72

    mac72 Senior Member

    Occupation:
    gamble
    Location:
    n ireland
    For DEBIT cards it is just a flat fee they get charged not a percentage.Should be around 12-17p per transaction whether that transaction is £50 or £25000
     
  14. Jul 21, 2017
  15. DreamRJ

    DreamRJ Out of this world! MM webmeister

    Occupation:
    Gamble
    Location:
    RJVille UK
    yep exactly probably :p
     
  16. Jul 21, 2017
  17. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    That depends on the processor doesn't it?
    As I say i used to pay 50p per debit card transaction but I was offered percentage deals at the time, and I'm sure worldpay charge a percentage.

    EDIT: Yes 0.75% on debit cards (my first post was going from memory)

    You must register/login in order to see the link.
     
  18. Jul 21, 2017
  19. mac72

    mac72 Senior Member

    Occupation:
    gamble
    Location:
    n ireland
    Depends what processor and volume you do yes, the small corner shop will pay more but in regards to world pay they do a flat rate (by negotiation) on debit cards and as I said you should be able to take a payment of any amount for something in the 12-17p range which is why I never looked favourably on any casino trying to charge 2.5% on debit card transactions. Credit cards are a completely different matter.
     
  20. Jul 21, 2017
  21. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    Completely agree, if I had a deal where I only paid 50p a transaction, then I am 100% sure a casino will not be paying more than that, and probably around what you state. For that reason I won't pay to deposit, as any casino who can't afford to absorb a (say) 20p debit card charge doesn't deserve my money.
    MrGreen started charging, I was depositing between £500 and £1000 at one point with them, I think they have had probably £200 from me in last 6 months, of which most was by Skrill. Their loss not mine.
     
  22. Jul 21, 2017
  23. mac72

    mac72 Senior Member

    Occupation:
    gamble
    Location:
    n ireland
    I think what they are trying to do is amortize the potential other costs of taking debit/credit card transactions in the 2.5% fee (chargebacks/fraud etc) as the transaction charges they pay on ewallet transactions are considerably higher than cards and yet there are no deposit/withdrawal fees but there also are no chargeback issues for them.
     
  24. Jul 21, 2017
  25. davidsmith56

    davidsmith56 Senior Member

    Occupation:
    retired civil servant
    Location:
    Kent,United Kingdom
    Apologies if this issue has already been covered in another thread.I did do a quick search of the database before posting but couldn't find anything.
     

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