Burger King. No more NFC payments?

Forums › Off topic › Burger King. No more NFC payments?

1 | 2 | 3 | 4 | 5 | 6 | 7

sbiddle

30853 posts

Uber Geek
+1 received by user: 9996

Retired Mod

Trusted

Biddle Corp

Lifetime subscriber

#2047483 2-Jul-2018 13:29

stinger:

cruxis:

Personally I don't see why they can't just pass on the cost to the customer ? If I use paywave I get 2.5% added to my bill no big deal. If I use cash or eftpos it is the original price. PB tech do it.

Or have a marked price and anyone who uses cash or eftpos gets a 2.5% discount at checkout. Anyone uses paywave pays the sticker price.

Is this technically possible with the current EFTPOS machines? At the moment, it displays a single price before you select your payment method (cheque account, or credit card)

I'm not aware of any terminals in NZ doing this but I have seen it in Australia. It's a lot more complex to do here.

MileHighKiwi

782 posts

Ultimate Geek
+1 received by user: 581

ID Verified

Lifetime subscriber

#2047531 2-Jul-2018 13:45

sbiddle:

stinger:

cruxis:

Personally I don't see why they can't just pass on the cost to the customer ? If I use paywave I get 2.5% added to my bill no big deal. If I use cash or eftpos it is the original price. PB tech do it.

Or have a marked price and anyone who uses cash or eftpos gets a 2.5% discount at checkout. Anyone uses paywave pays the sticker price.

Is this technically possible with the current EFTPOS machines? At the moment, it displays a single price before you select your payment method (cheque account, or credit card)

I'm not aware of any terminals in NZ doing this but I have seen it in Australia. It's a lot more complex to do here.

Many NZ terminals have a surcharge option, it can be percentage based or a fixed fee. The problem with this for example, is when a merchant charges a surcharge of say, 3%, but their merchant service fee is 2%. Happens all the time. Only applies to Credit transactions. Merchants should talk to their terminal vendor to see if their model has the functionality. Same goes with Tipping.

sbiddle

30853 posts

Uber Geek
+1 received by user: 9996

Retired Mod

Trusted

Biddle Corp

Lifetime subscriber

#2047556 2-Jul-2018 14:08

MileHighKiwi:

Many NZ terminals have a surcharge option, it can be percentage based or a fixed fee. The problem with this for example, is when a merchant charges a surcharge of say, 3%, but their merchant service fee is 2%. Happens all the time. Only applies to Credit transactions. Merchants should talk to their terminal vendor to see if their model has the functionality. Same goes with Tipping.

It's not so much having this as a surcharge option - but dynamically adding this depending on the card type used. I've seen terminals in Australia that display the actual amount due, and depending on the card you present it will dynamically add a surcharge and charge it and then send this back to the POS system for the receipt which shows the surcharge.

This is incredibly important in the Australian market as retailers typically don't have blended rates and pay different interchange rates for different cards. With the new credit card rules they risk being fined if they break the law and profit from interchange rates as they're only allowed to pass these charges on, and not profit from them.

rugrat

3142 posts

Uber Geek
+1 received by user: 945

Lifetime subscriber

#2047560 2-Jul-2018 14:15

If all shops passed on the interchange rate, I’d be throwing my cc away.

sidefx

3775 posts

Uber Geek
+1 received by user: 1295

Trusted

#2047561 2-Jul-2018 14:18

Wow, 7 pages of discussion on Burger King discontinuing paywave? Or is this now the generic NFC b*tch thread? :P Back on burger king I used the mobile order option on the app the other day and it was pretty painless and reasonably convenient.

"I was born not knowing and have had only a little time to change that here and there." | Octopus Energy | Sharesies
- Richard Feynman

freitasm

BDFL - Memuneh
80658 posts

Uber Geek
+1 received by user: 41071

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#2047566 2-Jul-2018 14:33

And the Herald gets on it too: Burger King ditches contactless payment in stores due to 'exorbitant' bank charges.

Referral links: Quic Broadband (free setup code: R587125ERQ6VE) | Samsung | AliExpress | Wise | Sharesies

Support Geekzone by subscribing (browse ads-free), or making a one-off or recurring donation through PressPatron.

Quic Broadband

Move to New Zealand's best fibre broadband service (affiliate link). Free setup code: R587125ERQ6VE. Note that to use Quic Broadband you must be comfortable with configuring your own router.

lchiu7

6521 posts

Uber Geek
+1 received by user: 543

Trusted

#2048470 3-Jul-2018 17:38

freitasm:

And the Herald gets on it too: Burger King ditches contactless payment in stores due to 'exorbitant' bank charges.

They quote a cost of $23K ish pa.

No idea who is the acquiring bank for BK but from say Westpac's pages on Mastercard debit interchange

https://www.westpac.co.nz/business/business-resource-centre/resources/fees/domestic-interchange/#VisaDe

I am sure there are similar costs for Visa

They might be paying 0.3 or 0.35% for interchange for transactions > $15.

The same card inserted into the machine would go via Paymark and probably only incur a small fixed charge based on their bank and volume.

McD seem to be okay or is there volume so much higher they can absorb it?

Staying in Wellington. Check out my AirBnB in the Wellington CBD. https://www.airbnb.co.nz/h/wellycbd PM me and mention GZ to get a 15% discount and no AirBnB charges.

1 | 2 | 3 | 4 | 5 | 6 | 7