Subject:
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Re: Can we all agree to do eCheck payments with Paypal and not CC?
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Newsgroups:
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lugnet.market.services
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Date:
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Thu, 2 Nov 2000 14:46:14 GMT
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Reply-To:
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Rob Doucette <lugnet@doucettenet.com^Spamcake^>
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Viewed:
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2172 times
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"Ben Roller" <broller@mail.clemson.edu> wrote in message
news:G3EIK6.5t2@lugnet.com...
> In lugnet.market.services, Rob Doucette writes:
> >
> > I'm thinking that instituting a CC funded payment fee policy may be in
> > order: "If paying via PayPal from a US account, thou shalt not use CC
> > funding else a 10% additional payment will be required for release of • goods.
> > Failure to send said 10% fee shall result in immediate forfeiture of any • and
> > all funds previously transmitted as well as goods"
>
> I don't know for sure, but I think that it's illegal in some states to • charge
> extra for credit card purchases. Anyone know if this is true or not?
>
> ...time passes...
>
> Well, I researched it. According to www.creditinfocenter.com which is • what I
> got when I did a search on this topic on google:
>
> "The Federal Truth-in-Lending Act prohibited surcharges on credit card
> purchases until 1984; since then, there has been no Federal law on that
> subject. (Other provisions of the law are still in force.) The states of • CA,
> CO, CT, FL, KS, MA, ME, NY, OK, and TX have laws against surcharges, • according
> to Bankcard Holders of America.
>
> Discover allows surcharges on credit card purchases, except in the above
> states. Visa and MasterCard prohibit them. American Express discourages • them in
> general, and specifically prohibits them by merchants that also take • MasterCard
> or Visa because Amex doesn't allow merchants to discriminate against it"
I don't know if this is applicable since technically, as a PayPal user I am
not the one with the CC account nor am I receiving the CC transaction
directly. Interesting point though. Personal accounts are such small
potatoes that I doubt that would ever get tested. Its not like MC/VS can
cancel my privileges. (Maybe they can??)
-Rob.
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