1. Depositing coins in the bank is a challenging process due to the long lines, long wait, and bank charges. Owing to this, businesses have opened a facility where coins may be paid, saving a person the time of having to go to the bank. However, since the business now has to go to the bank to deposit the coins and pay the charges, etc., businesses are charging a fee for accepting coins.
It works like this. Every R100 paid in coins is reckoned as R95. (R5 is charged as a fee for accepting the cash.)
An example of this: Customer buys items worth R1000. He pays R1050 in coins for all the items, because R50 is taken as the fee for accepting the coins.
Two amounts are not stipulated from the onset, rather, a percentage of the value of the coins is taken. For instance: the customer is not told, “If you pay in notes, then R1000 and if you pay in coins, then R1050.” [I do not know if this will be permissible. Kindly answer this as well.] Rather, a 5% of the coins is taken as the fee. So the customer may pay R800 in notes and R210 in coins. [R10 to offset the fee of paying the R200 in coins.]
Is this permissible? Or is there any way to do such a transaction according to the Shariah?
Many Muslim businessmen are practicing this and say that they “heard” it is permissible. No Mufti’s name is given as support, however.
2. Can the seller stipulate 2 separate prices for cash and card? Example: If you pay cash, then R100. If you swipe your card, then R105. [Card: referring to normal debit cards]
The reason they do this is because they are charged by the bank for every swipe. Sometimes, they are making very little profit on the item. If they swipe, they will suffer a loss, instead of a gaining a profit on the item.