What happens in the 2 seconds after you tap your card
Card minimum: why a small shop asks for cards from $5
Some small shops will not take a card for a small amount. Why would a shop turn money away? On a cheap sale, the card fee is not as small as it looks.
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1
A customer just paid $1.50 for a bottle of water by card, and Rono frowned. He reads the price list of his bank again. A card payment costs him 10 cents, plus 1.25% of the amount. On your $8 bowl, that came to 10 cents plus 10 more: the 20 cents.
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2
On a $1.50 bottle of water, the 10 cents stay the same, and 1.25% adds only about 2 cents: 12 cents in all. That is 8% of the price, three times the share Rono paid on your bowl.
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