[Fairfield] 325 Cook St./ Food Court Expansion | StalledCommercial
Posted 28 May 2009 - 05:23 PM
Posted 30 May 2009 - 05:46 PM
Proof positive of the end of the world, people. Not prosperity, but revolution, is just around the corner.
(PS: I love dogs and have a dog of my own. But really now.)
(PPS: I'm really glad to see things moving again with that project.)
Posted 30 May 2009 - 06:04 PM
Posted 10 June 2009 - 06:40 PM
Posted 11 June 2009 - 08:10 PM
Posted 11 June 2009 - 08:19 PM
Posted 11 June 2009 - 08:56 PM
There's a bank across the street (Royal Bank), which has an ATM. If you need money from your account, you can use their machine (and pay the outrageous fee if your bank isn't RBC). If there's debit at the Food Court, the vendors pay the outrageous fees.
Posted 11 June 2009 - 09:37 PM
Posted 11 June 2009 - 09:58 PM
-City of Victoria website, 2009
Posted 11 June 2009 - 10:06 PM
I'm not sure why you're assuming this. I wrote that "the vendors ... aren't big players" (bubble tea, artisan clothing maybe), and that therefore "they might not have an interest in having that service," not "they don't have an interest in having that service."
I guess this place has made the business choice/gamble not to have them. Things are obviously working out for them, but I wonder if overall things could be even better (or worse) if they accepted credit cards.
Frankly, I don't know who exactly is coming into the space or whether they'll have debit or not. Nor do I make any assumptions about whether anything is working out for them. That's for future discussion.
I don't think the vendors in the existing food court on McKenzie take plastic, but I could be wrong.
Posted 12 June 2009 - 05:36 AM
Posted 12 June 2009 - 05:52 AM
Posted 12 June 2009 - 06:34 AM
There are two kinds of ATM's - the ones affiliated with banks and "white label" ones. The bank ATM's charge a lower transaction fee to the debit card holder, especially if the machine happens to be from the bank the debit card holder uses regularly. The white label machines charge everyone a larger fee, but the folks who provide these machines will put them in places the banks won't.
With respect to debit card fees, the merchant pays the bank a standard 15 or so cents per transaction, regardless of the amount ,which is why merchants often have minimum transaction amounts. For credit cards, the merchants pay the banks a % of the transaction amount. The more business, the lower the fee, so it can be expensive for small business owners to provide credit card services. And, of course, for both debit and credit card transactions, the merchant has to pay to rent the machine and provide a dedicated phone line.
A little credit/debit 101
Posted 12 June 2009 - 07:00 AM
I percieve this "no debit" thing as almost arrogant. It's like a little voice under the surface telling me "You want to eat here, you're going to have to jump through this small hoop to prove your worthiness of our drop-dead amazing food."
Sorry, but the food isn't that great.
Posted 12 June 2009 - 09:48 AM
Posted 13 June 2009 - 08:40 PM
Posted 13 June 2009 - 09:26 PM
Posted 13 June 2009 - 09:39 PM
Posted 14 June 2009 - 08:16 AM
You can put in your own private label ATM and reap some of the charges for yourself.
You bet, these white label machines do pay a dividend to the business that provides the space. This is paid for by increased fees to those who withdraw from them.
Use the page links at the lower-left to go to the next page to read additional posts.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users