Comments on: K-Net and Visa Fees http://www.248am.com/mark/interesting/k-net-and-visa-fees/ Mark and Nat, a married couple who are living in Kuwait. Both are designers, Mark works in advertising while Nat runs her own design studio called Push+Pull. Mon, 13 Feb 2012 03:00:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: wayway http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-69633 wayway Sun, 08 Oct 2006 10:10:02 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-69633 Knet charges 1-2 % and Visa/mx charges 3% Amex is 4% i know for a fact. and merchants pay a monthly and a yearly fee. Knet charges 1-2 % and Visa/mx charges 3% Amex is 4% i know for a fact. and merchants pay a monthly and a yearly fee.

]]> By: Pink Moon http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68924 Pink Moon Fri, 06 Oct 2006 14:34:39 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68924 Menon is correct. I have a retail shop too and there is no set percentage for Visa and K-Net. It all depends on your business and the number of transactions. Visa can range from 2-5%, and K-net from 0-1% depending on the kind of store. When the merchant applies to accept Visa card, the bank will evaluate their business and set a percentage. Mark, you're right though that you are not supposed to pass this cost on to the customer. Menon is correct. I have a retail shop too and there is no set percentage for Visa and K-Net. It all depends on your business and the number of transactions. Visa can range from 2-5%, and K-net from 0-1% depending on the kind of store. When the merchant applies to accept Visa card, the bank will evaluate their business and set a percentage.

Mark, you’re right though that you are not supposed to pass this cost on to the customer.

]]> By: Menon http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68860 Menon Fri, 06 Oct 2006 10:45:43 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68860 My company has all these retailing stores under them Ajmal perfumes, Orient Express (Shop in the airport & couple of other places), Coquette (ladies accessories shop in Mariam Complex) Pure Gold (Gold shop going to open up in Avenues) Gulio Giannini(Italian paper & leather stuffs from Italy) Sherle Wagner (hardware & bath accessories) They charge us from 0.25% to 2%, in different shops depending on how much transactions a shop can've. The more the number of transactions,less the % KNet fixes. My company has all these retailing stores under them

Ajmal perfumes,

Orient Express (Shop in the airport & couple of other places),

Coquette (ladies accessories shop in Mariam
Complex)

Pure Gold (Gold shop going to open up in Avenues)

Gulio Giannini(Italian paper & leather stuffs from Italy)

Sherle Wagner (hardware & bath accessories)

They charge us from 0.25% to 2%, in different shops depending on how much transactions a shop can’ve. The more the number of transactions,less the % KNet fixes.

]]> By: Aziz http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68736 Aziz Fri, 06 Oct 2006 01:42:30 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68736 ^^those places have no right to write down my credit card number. if credit card companies wanted them to view my CC number in first place, they would've make it visible on the CC recipt. ^^those places have no right to write down my credit card number.
if credit card companies wanted them to view my CC number in first place, they would’ve make it visible on the CC recipt.

]]> By: CyberRowdy http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68706 CyberRowdy Thu, 05 Oct 2006 23:41:01 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68706 Aziz, if you are so worried, call NBK and tell them you lost your card...you will get a replacement free of cost....but if you intend to use the card again in such places with same procedures...then no luck! Aziz, if you are so worried, call NBK and tell them you lost your card…you will get a replacement free of cost….but if you intend to use the card again in such places with same procedures…then no luck!

]]> By: Aziz http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68682 Aziz Thu, 05 Oct 2006 21:18:52 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68682 And here is another thing, Mais al Ghanem, Wataniya Telecom, Fast Telco, Jareer, or any other place have no right to write down the number on your credit card or your bank card you used to pay with. In the past few weeks those places did write my cards numbers down or simply swifly passed it through another device connected to their computers. i got in a fight with them everytime it happened. and non of them provided me with a real answer. im starting to wonder what kind of scam is going to surface in few months. And here is another thing, Mais al Ghanem, Wataniya Telecom, Fast Telco, Jareer, or any other place have no right to write down the number on your credit card or your bank card you used to pay with. In the past few weeks those places did write my cards numbers down or simply swifly passed it through another device connected to their computers. i got in a fight with them everytime it happened. and non of them provided me with a real answer. im starting to wonder what kind of scam is going to surface in few months.

]]> By: lol http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68678 lol Thu, 05 Oct 2006 20:57:18 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68678 I'm sure that when a shop gets an Knet or Visa acceptance machine, they sign documents that STIPULATES that they are not allowed to charge extra charges for its use!! Some how in Kuwait, the shops thinks that this service is an easier payment method for the customers, so they charge for this service. If only VISA Knew what was going on in kuwait.... People are now less likely to use visa, thus less profit for the VISA company. I’m sure that when a shop gets an Knet or Visa acceptance machine, they sign documents that STIPULATES that they are not allowed to charge extra charges for its use!! Some how in Kuwait, the shops thinks that this service is an easier payment method for the customers, so they charge for this service.

If only VISA Knew what was going on in kuwait…. People are now less likely to use visa, thus less profit for the VISA company.

]]> By: CyberRowdy http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68582 CyberRowdy Thu, 05 Oct 2006 14:29:21 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68582 yeah...Marzouq....I did, but that was because I didnt had any money with me in my wallet.... and yes, I dont want to complain about professional guys coz they are the best and I dont want them to be in any trouble...I am happy to give them 4% extra for their super service and product range... yeah…Marzouq….I did, but that was because I didnt had any money with me in my wallet….

and yes, I dont want to complain about professional guys coz they are the best and I dont want them to be in any trouble…I am happy to give them 4% extra for their super service and product range…

]]> By: forzaq8 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68577 forzaq8 Thu, 05 Oct 2006 14:05:30 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68577 only place that told me that Knet nad Visa are charged was my travel agency , he told me 4% for VISA and 1% for knet , i went out and got the cash most other places tell me its 4% for Visa but nothing for Knet only place that told me that Knet nad Visa are charged was my travel agency , he told me 4% for VISA and 1% for knet , i went out and got the cash

most other places tell me its 4% for Visa but nothing for Knet

]]> By: Meshoo http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68571 Meshoo Thu, 05 Oct 2006 13:53:09 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68571 I know for a fact that if u purchase airline tickets from travel agents or even kuwait airways, they will pass on the 4% charge to you if you pay by visa or mastercard no one has taken action against them yet!!! I know for a fact that if u purchase airline tickets from travel agents or even kuwait airways, they will pass on the 4% charge to you if you pay by visa or mastercard
no one has taken action against them yet!!!

]]> By: holla http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68568 holla Thu, 05 Oct 2006 13:44:43 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68568 they just need to adjust their pricing to include the charge without mentionning it to the customer. if something sells for 2KD and knet charges 50 fils, make the price 2.050 to compensate. that way they don't have to argue about the charge and even make a tiny bit more profit on cash transactions. they just need to adjust their pricing to include the charge without mentionning it to the customer.

if something sells for 2KD and knet charges 50 fils, make the price 2.050 to compensate. that way they don’t have to argue about the charge and even make a tiny bit more profit on cash transactions.

]]> By: Hashim http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68566 Hashim Thu, 05 Oct 2006 13:33:51 +0000 http://www.248am.com/mark/interesting/k-net-and-visa-fees/#comment-68566 Damn, that means I got ripped more than once! I used to order stuff from a store that charges with Visa and for several times they have added that fee to my transaction. One time I had to cancel my order and refund my money so instead of giving back all my money (KD 70) they gave me KD 69.800 claiming KD 0.200 as transaction fees. Buggers. Damn, that means I got ripped more than once! I used to order stuff from a store that charges with Visa and for several times they have added that fee to my transaction. One time I had to cancel my order and refund my money so instead of giving back all my money (KD 70) they gave me KD 69.800 claiming KD 0.200 as transaction fees. Buggers.

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