Good guys catalogues used to have the 'Pay Less Pay Cash' phrase under their pricing but they've since dropped it. Does anyone know why this would be so? I tried to bargain a product I was going to buy before and they only drop a meagre few dollars.
What Happened to The Good Guys 'Pay Less Pay Cash' Policy?
LYRICALRAVER on 07/11/2014 - 22:39
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Pretty much realised every customer pays by card these days.
Haha in retail customers are stupid and take advantage. Back in my retail days, I had customers who would haggle hard and say they would pay cash and then bust out the credit card come payment time and then say its the same thing.
I've never understood what the definition of "cash" actually is. Does it mean you go withdraw notes from an ATM and pay using notes or does paying by EFTPOS also count? Technically, the purchaser receives "cash" when you pay with notes, EFTPOS or even credit card, as far as I'm aware.
I'm pretty sure by cash they mean notes and coins. It's like "cash on pick up" on gumtree, how do you pay via cc at pick up ?
Cash was anything other than credit card in my experience. So EFTPOS and cash were both counted.
Yes, but from my point of view, how does it differ whether GG receives the money in notes and coins or if they receive the money via EFTPOS? It's both cash because they receive "cash" upfront.
I believe that "cash" means not taking out a finance loan with them.
Could be due to fees associated with eftpos transactions that the merchant would have to pay, per transaction?
@JLove: Highly unlikely. The charge is something miniscule like 20-30 cents per transaction.
I should also mention, that in the past, I've asked stores for a cash discount and they were fine with me paying via EFTPOS.
you have to ask when they really were in their prime when they advertised pay less pay cash. In the 90s it was rare for people to use credit cards for big ticket items. You either payed cash or interest free (thanks harvey). And think back in those days there was no internet to deal with. Nowadays paying by cash is meaningless to most stores, and getting a better price for cash is pretty much dead.
Cash is just that.
You only think cash is just that because that's the lay-speak for what should be called tender, not cash. Cash can be an electronic transfer as well. If I were to pay you $100 via bank transfer, that would be $100 in cash.
http://en.wikipedia.org/wiki/Cash
In English vernacular cash refers to money in the physical form of currency, such as banknotes and coins. In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts). Cash is seen either as a reserve for payments, in case of a structural or incidental negative cash flow or as a way to avoid a downturn on financial markets.
So yes, money in a bank account is a current asset which constitutes cash. Though this is probably getting a bit technical, I'm sure that if they are advertising such a policy (or have advertised such a policy), it's important they get their definitions straight and set.
Pay less pay cash started due to interest free. Under consumer laws you cannot have dual pricing, that is, one price for cash and one price for interest free. As The Good Guys and other retailers pay a charge to GE for using interest free, the TGG prefer to charge you ticket price for interest free and willing to haggle a bit for cash and card.
In the distant past (but also when this kind of advertising was around e.g. twenty years ago), people used to pay by cheque as well. Which sometimes bounced, incurring fees on the person presenting the cheque.
Depends what your item was, but quite often in the past 'pay less pay cash" = a few meagre dollars off.