Paying more to go cash free: Should Singapore businesses charge a premium for cashless payments?

Businesses may charge a premium for cashless payments, or opt not to list them

Currently, surcharges do not necessarily deter consumers from cashless options, although some peg this to a lack of equally convenient alternatives. ST PHOTO: KELVIN CHNG
Some budget carriers, such as Scoot and AirAsia, can charge up to $32 more for a round trip. ST FILE PHOTO
Golden Village charges a $1.50 convenience fee for each remote transaction for shows at its normal cinemas and $2.50 for shows at its Gold Class cinemas. ST FILE PHOTO
ComfortDelGro taxis charge a 10 per cent administrative fee for each ride paid for with a credit card. ST FILE PHOTO
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When law student Goh Jia Jie was booking flight tickets with budget airline Scoot in May, he was surprised to find the fare increasing by $20 when he began keying in his credit card details to complete the Web purchase.

The 26-year-old went ahead with the transaction anyway, finding it too inconvenient to go through additional steps for offline payment.

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A version of this article appeared in the print edition of The Sunday Times on September 02, 2018, with the headline Paying more to go cash free: Should S'pore businesses charge a premium for cashless payments?. Subscribe