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watervole

  2 months ago

Sainsburys and Tesco are now charging £100 deposit on debit and credit cards for petrol, excess to be refunded in a few days. The charge used to be, and still is £1 for Asda, with the balance taken out a few days later.

Sainsburys and Tesco are cashing in, earning interest with the excess in the bank. The public will suffer more financially in already difficult times. The most vulnerable members of society, those on low incomes will be most affected. What if someone doesn’t have a spare £100 in their account?
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Brucie

  2 months ago
I think the errors in this topic have already been pointed out.
I would like to add that even if you do choose to pay at pump where this is currently used , if your bank account only has £50 on it you will still be authorised to fill up with, up to, £50 worth of fuel.
As others have mentioned it is being implemented by the card providers NOT the aforementioned supermarkets.
A few people were affected by the delay in releasing the ‘hold’ back into their accounts. That is not the norm nor is it what the card providers or anyone else wants to happen.
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0 comments

TheOldDragonsPaul

  2 months ago
Maybe you should READ the facts of the matter before alarming people ~ it is only applicable to "Pay-at-the-Pump" transactions ~ luckily, we don't have that option here ! Reply
2 comments

Ed777

  2 months ago
It does not work like that. You only pay for the fuel that you actually buy. Reply
0 comments

rosemary-charles

  2 months ago
Business's dont earn interest on their accounts hun I know I had a business account for years.just to put that one to rest. I always go in the store to pay for my petrol , my son puts the fule in while i go in to pay and I only ever put around £30 in . if they took £100 from my bank that would be theft as i would never give permission for that Reply
2 comments

Dad100

  2 months ago
watervole, you clearly do not understand finance or the banking system. See Mark_W's comment. Reply
0 comments

KSquirrel

  2 months ago
You're almost right, it's £99 and they are trialling it in a couple of areas for being rolled out later in the year.
But the change is being driven by the card providers who say ''The changes will be brought in to cover all pay at the pump petrol stations'' so it won't be just Tesco and Sainsburys.
Personally I'm not fussed, the amount will be corrected within a few days and I imagine most people spend at least £40-50 when fuelling anyway.
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2 comments

Mark_W

  2 months ago
That is not how it works! It is just a pre-authorisation hold - like in a hotel when you open a tab! The moment you pay, the ‘hold’ is removed and you are actually charged the amount you spent! Very sensible in my opinion! Reply
2 comments

spartan3002

  2 months ago
Sounds crazy too me . I guess bilking is the reason ? I'd just use cash . Reply
1 comments

victoria1980

  2 months ago
Where did you hear this? Xx Reply
1 comments

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