Subject:
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Re: Upcoming factoring changes due to PayPal fee structure.
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Newsgroups:
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lugnet.market.services
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Date:
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Thu, 12 Oct 2000 17:46:57 GMT
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Viewed:
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1582 times
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> OK, I understand that when someone has a 'merchant account' (with the
> corresponding merchant agreeement), but something about what you said here • kept
> bothering me. So I went back and read thru PayPal's TOS. I don't see • anything in
> there about not allowing a surcharge. Can anyone find it ? Has PayPal
> outsmarted the CC clearing houses and the major banks, or did they just • miss
> this.
When you yourself have a merchant account and accept credit cards, it is
againsts the terms of the agreement to pass the cost of the transaction on
to the customer. Like saying product X is $10 if you pay cash, but $12 if
you pay with a credit card.
PayPal probably gets around this because they are not selling you a product,
but are in fact offering you merchant services.
I personally don't think there would be anything wrong with adding on a
"paypal" surcharge, as I don't persoannly have any agreement with
Visa/Mastercard and am not directly accepting the cards.
Having said all that, I still see alot of places adding the surcharge for
using credit cards. Computer shows around ehre are notorious for it.
Troy
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