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Laser Card Question

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  • 16-07-2009 10:04am
    #1
    Fukuyama
    Registered Users Posts: 3,023 ✭✭✭


    Hey guys,
    Is there a minimum transaction on a laser card. Ie . if I was in a shop and I had no cash could I say...pay for a newspaper for EUR 2 ??

    I'm told that LUAS machines wont accept laser below a certain amount...don't know how true it is.:confused:

    Any replies would be much appreciated

    -D


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    #2
    100gSoma
    Registered Users Posts: 1,285 ✭✭✭100gSoma


    from the FAQ page of www.lasercard.ie

    Q: Is there a minimum Laser transaction amount for Laser transactions?

    A: No, there is no minimum transaction value.


    source: http://www.lasercard.ie/faq.asp?id=83#q50


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    #3
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    Dean0088 wrote: »
    Hey guys,
    Is there a minimum transaction on a laser card. Ie . if I was in a shop and I had no cash could I say...pay for a newspaper for EUR 2 ??

    I'm told that LUAS machines wont accept laser below a certain amount...don't know how true it is.:confused:

    Any replies would be much appreciated

    -D

    It's up to the retailer, some shops have a min spend of €10 or even higher.

    Remember they are changed a fee per transaction processed (~20€) so if you were buying something for less than the fee, it would be cheaper for the store to give you the item free..


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    #4
    homer911
    Registered Users Posts: 5,119 ✭✭✭homer911


    Minimum transaction value will vary by shop as Laser charge a fixed fee, not a percentage - in some shops this could completely eliminate the gross margin on low value transactions, so its quite reasonable for them to have a minimum value

    At 20c per transaction, this is 20% on €1, 2% on €10. Some shops might have a gross margin of 10% on normal cash transactions. Credit Card transactions would typically occur a commission rate of around 3%.


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    #5
    100gSoma
    Registered Users Posts: 1,285 ✭✭✭100gSoma


    homer911 wrote: »
    At 20c per transaction, this is 20% on €1, 2% on €10. Some shops might have a gross margin of 10% on normal cash transactions. Credit Card transactions would typically occur a commission rate of around 3%.

    My god! 10%. why oh why is laser being pushed so hard here in Ireland then. Why don't they embrace Visa Debit.


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    #6
    GerardKeating
    Registered Users Posts: 7,650 ✭✭✭GerardKeating


    100gSoma wrote: »
    My god! 10%. why oh why is laser being pushed so hard here in Ireland then. Why don't they embrace Visa Debit.

    But the retailer would have a simular charge for any debit card...


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    #7
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    I decline laser and credit cards for transaction below a tenner.

    It is quite common now.

    Another thing that will come in sooner or later is declining cashback on laser. A little while ago, AIB attempted to claim that giving a customer cashback was actually another transaction and they tried to double the fee to the retailer.

    There was an outcry and they dropped it but I do notice on my fees statement, there is a space for cashback fees.

    Not if, but when it comes in, unless its worth my while, I will not be offering this at my expense !!!


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    #8
    Red Sleeping Beauty
    Closed Accounts Posts: 6,443 ✭✭✭Red Sleeping Beauty


    superscouse wrote: »
    I decline laser and credit cards for transaction below a tenner.

    It is quite common now.

    Another thing that will come in sooner or later is declining cashback on laser. A little while ago, AIB attempted to claim that giving a customer cashback was actually another transaction and they tried to double the fee to the retailer.

    There was an outcry and they dropped it but I do notice on my fees statement, there is a space for cashback fees.

    Not if, but when it comes in, unless its worth my while, I will not be offering this at my expense !!!

    Why are the banks obsessed with screwing everyone ? Why is the Laser card (still) treated like a disabled , one legged red headed step child that isn't toilet trained ? It's very annoying.

    I don't know many places that do offer cashback because they never offer and I usually don't ask. My local shop (a supervalue) offers cashback each time.


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