> they are not very populair and cost retailers money
Citation needed.
Well on the popular claim. Yes they cost retailers money, so do debit cards, so does cash.
In the UK debit cards are the most popular means to do a retail transaction - in terms of numbers of transactions (it's been plastic in terms of value for years). Credit card transactions from 9% in 2013 to 11.5% in 2016. Debit card from 32% to 43%. Cash decreased from 52% to 42%. 'Plastic' has never been more popular.
Average cost of taking sash has remained fairly stable, but the cost of taking debit and credit cards has plummeted in recent years, in line with their increased popularity.
In 2016, credit cards cost 0.5%, Debit 0.25%, Cash 0.15%.
Non card costs (including things like paypal) is at 1.7%.
Citation needed.
Well on the popular claim. Yes they cost retailers money, so do debit cards, so does cash.
In the UK debit cards are the most popular means to do a retail transaction - in terms of numbers of transactions (it's been plastic in terms of value for years). Credit card transactions from 9% in 2013 to 11.5% in 2016. Debit card from 32% to 43%. Cash decreased from 52% to 42%. 'Plastic' has never been more popular.
Average cost of taking sash has remained fairly stable, but the cost of taking debit and credit cards has plummeted in recent years, in line with their increased popularity.
In 2016, credit cards cost 0.5%, Debit 0.25%, Cash 0.15%.
Non card costs (including things like paypal) is at 1.7%.
Figures from https://brc.org.uk/media/179489/payment-survey-2016_final.pd...