Subject:
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CC acceptance
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Newsgroups:
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lugnet.market.theory
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Date:
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Thu, 20 Jan 2000 23:10:38 GMT
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Reply-To:
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LPIENIAZEK@stopspamNOVERA.COM
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Viewed:
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406 times
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I'd like to accept credit cards in payment for stuff like factoring and
for auctions.
However I am not a big merchant with huge leverage. I also am not
willing to NET less money because I offer this convenience to my
customers.
I thought I had found a way, tell people that if they wanted to use CC's
I had an acceptor but that I would not take the hit, they had to pay the
markup. Now, for some people that's a great deal. They WANT to pay the
markup, and it is NOT the only payment scheme I accept, so from my
perspective I am offering a free choice.
eBay informed me that I cannot state I want surcharges in my auction
listings, it's apparently against CA law.
Further, I apparently can't do it for ANYONE, as MasterCard got wind of
it and sent me a note stating that the bank accepting cards would be
fined 2K (which would probably be passed through to my friend and then
passed through to ME...)
So. forewarned is 1/2 an octopus....
Also, consider this a rant. Doesn't seem fair to me. Sigh.
--
Larry Pieniazek - larryp@novera.com - http://my.voyager.net/lar
http://www.mercator.com. Mercator, the e-business transformation company
fund Lugnet(tm): http://www.ebates.com/ ref: lar, 1/2 $$ to lugnet.
Note: this is a family forum!
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Message has 3 Replies:
 | | Re: CC acceptance
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| (...) ...which would be quite handy for factorees and customers, not to mention safer as far as sending wads of cash overseas goes. (...) FWIW, marking up the stated price for CC purchases is also against Texas state law. However, giving a (...) (25 years ago, 20-Jan-00, to lugnet.market.theory)
| | | Re: CC acceptance
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| (...) Unfortunately, when you sign up for a merchant account it is usually in the contract somewhere that you are not allowed to charge more for the service. :/ Which really sucks in areas with low margins, If you are only make 10% profit and have (...) (25 years ago, 21-Jan-00, to lugnet.market.theory)
| | | Re: CC acceptance
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| (...) I've successfully completed electronic transfers using x.com's "pay a friend" now. I still see this as being a viable option, as long as they stay around. Their "sign up and get 20 free bucks" deal may not go on forever, but the convenience (...) (25 years ago, 21-Jan-00, to lugnet.market.theory)
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