What's the lowest amount you've paid for something using a credit card?
Went to the market the other day and paid for a £2 punnet of fruit using a credit card. Guy was running Square on his phone, showed me the screen, I tapped, done.
I remember when everyone was £10 minimum for card payments, even in large shops. Now sole-traders can take instant payment for low value amounts. Brilliant!
@Edent £0.50 for a packet of tissues at boots, probably. But I think there are also much lower fees for "tap with phone or card" compared to using the actual credit/debit card part of the card (at least, in the UK)?
@alexhern@Edent@adamchainz At Trader Joe's in the US it would cost 19 cents. How come stuff is more expensive in the UK where pay rates are generally lower?
@OliverC@alexhern@Edent This is a small local supermarket, they’re cheaper in larger ones. I always thought produce was more expensive in the US, I saw broccoli at $5 in a large supermarket, some years ago.
@OliverC
I imagine shipping is a major cost. Bananas in America will not have to travel as far.
Our cost of living isn't dramatically different once you account for the USA's expensive health costs.
@Edent Square don't add a flat per-transaction fee; it's just 1.75%, so no problem with low value payments, your buying a £2 item would cost the merchant 3.5p
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