Major service centers in the UAE are adding 1.65% to your bill if you use plastic for purchases.
Last night the talk was that this is just another cash grab.
The real issue says others is the fact that the banks are creating service charges and not really giving you a service at all!
The banks are to blame!
Maybe we really are a long way from the cashless society?
Plastic money is convenient, but... |
By Rania Oteify, Features Editor |
I don't remember a place which didn't accept my standard credit cards since I moved to Dubai. From fast food restaurants to beauty salons, I hardly carry cash any more. Dubai Electricity and Water Authority (Dewa) isn't an exception. They do accept credit cards, but from my first visit to them, when I had to open an account and make a deposit of Dh1,000, I was warned by the customer service agent that if I opted to pay by credit card they'd collect 1.65 per cent extra. Only Dh16.5. We don't have much choice with Dewa, do we? There is no other seller of water or electricity, which may be the reason they are not concerned about making their payment methods any attractive. But last week I was surprised when I found Emarat, the petrol station, posting a notice, that starting September 1, they will also be charging 1.65 per cent on card transactions. Aren't they concerned about their competitiveness? For one, my first thought was: Fine, I won't be fuelling from here any more. Again it is a matter of principle even if it doesn't cost much. Say Dh1.65 if your average weekly fuel bill is Dh100. It is cheaper than a bubble gum pack. Yes, but this is their agreement with the bank, why should the fees be transferred to customers? No concern It seems that credit card companies and the banks cannot care less as long as they are getting their money. When I tried to contact a couple, the answer - when I got one - was "no comment". So I decided to call the customer service at my bank given the fact that it is in their benefit that I keep using my card. At first, the agent said he had no idea what I was talking about. In a way, I can understand Emarat's move. While other retailers have room to hike their prices, and we may be paying for their bank fees and more without noticing, petrol stations don't have similar flexibility. [For cash payment fans, here is good news for you: you finally win even in a society supposedly moving to plastic alternative. |
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