5 ms·
Credit card usage fees are a good way to a) make your customers mad and b) be blacklisted by your CC processor (possibly sued). Nearly every processor agreemen
by furyg3 15y ago
Credit card usage fees are a good way to a) make your customers mad and b) be blacklisted by your CC processor (possibly sued).
Nearly every processor agreement stipulates that this is a no-no.
- nokcha 15y agoIndeed, although giving a discount for paying with cash is often allowed. (Customers generally hate hidden fees more than they hate missing out on a discount.)
- seabee 15y agoIt's not a way to cheat the system though, since you still have to advertise the higher price. Even if you also say "5% discount for cash transactions".
- lsc 15y agoit's fairly common around here at the 'independent' gas stations to advertise two prices; one for cash, and one slightly higher for credit cards. It seems very fair to everyone I know who has ever had a merchant account; people who have not, on the other hand, sometimes think it's unfair.
- jemka 15y agoIf you know of any specifically, would you mind submitting them here? http://discountwithcash.com/app/node/add/business http://discountwithcash.com/app/node/add/business Thanks!
- epochwolf 15y agoThen how do universities and state licensing locations get to charge 5% fees on all credit transactions? Do they have separate deals?
- lsc 15y agoit's funny, I mean, many of my suppliers of bandwidth and rackspace accept credit cards. No fee, usually. I'm amused at this thread because I woke up this evening to a bill from a provider that I recently did an especially good job negotiating with, and the guy wants a 3% payment processor fee on top of the negotiated amount. (I'm going to leave an envelope with a cheque at the co-lo for him; gotta go anyhow.)
- ashchristopher 15y agoThey probably give you a 5% discount for NOT using your credit card.