The fee seems unfair to visitors to London without bank accounts or without contactless cards. The notion of adding the £5 to the Oyster card balance after a year seems to be built around Londoners and regular commuters.
Yes, but it's still cheaper than buying any more than one single ticket. And many cities in the world charge a fee for smartcards which is not even refundable. Hopefully in the future there will be prepaid contactless cards that can be purchased with cash (or card) at typical visitor arrival points that don't have too onerous fees. Visitors seem to be an easy target as they can't really complain, plus many visitors have an attitude of not worrying about small amounts.
Most visitors probably buy the visitor Oyster card which currently has a £5 fee anyway.
I don't think so. Maybe the gullible ones who arrive in London with no idea how they are going to get to their hotel, or the ones who book non-refundable flights and hotels before going to travel forums and asking for advice.
There are since more as 1 year several countries where its virtually Impossible to travel at all on trainbus without such things. Sweden started this and here in Nederland its near complete for buses-you can still buy traintix from a machine with cash-but only coins and this makes several higher priced options thus out of reach (max 20 coins in 1 payment=40 eur, if you manage to scrape that much together). And for several nonNS trains this is now also history.
It was 35 coins the last time I tried. And the real problem is that it doesn't tell you, and once you insert the 36th coin it just errors out and spits them back at a rate of one every 2 seconds, so it takes 3 minutes before you can try again. SNCB machines tell you they take 25 coins. For DB it's 45 and SBB 35, but these take notes too. In Italy I bought a €3 ticket and the machine indicated it would take a €500 note and give change...
In Sweden you can in many cases buy tickets using cash at convenience stores, but they may charge a fee. And buses which take bank card payments directly have proper readers, so you don't need to have contactless, but I'm not sure if magstripe transactions are supported if you don't have a chip card.
I have yet to get an OV-Chipkaart as in the past 5 years I have only bought 5 NS tickets at stations (using coins) in NL, so the €7.50 fee and working out what min balance I needed would not have been worth it, other tickets were bought online or I used Amsterdam Travel Tickets which have no additional fee.
Back to this subject: I once bought an oldstyle Oyster for 3 GBP and never bothered to register it. Visit LON once, sometimes 2x/yr and then put some money on it to cover the cost for that trip-the balance mostly remains as 5p. How will this new regime affect me when I return? Card refused and go to window? Hesitant to use my VISA as I´ḿ still in the idea that foreign cards bring too many problems for TfL
Nothing will change with your Oyster. In 5-10 years time they may possibly want to replace them with new cards. If your bank card is issued in the EEA there is no problem for TfL.
The main problems have been with cards from the USA, or Asia/South America/Africa (although it is usually not a good idea to use these due to high fees even if they have a contactless function).