Subject:
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Re: 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 23:57:40 GMT
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Viewed:
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403 times
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Larry Pieniazek wrote:
> I'd like to accept credit cards in payment for stuff like factoring
> and for auctions.
...which would be quite handy for factorees and customers, not to
mention safer as far as sending wads of cash overseas goes.
> 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.
FWIW, marking up the stated price for CC purchases is also against
Texas state law. However, giving a "discount" off of the stated prices
for cash/check/money order purchases is not. (Go figure.)
The "standard" practice is to raise prices to cover the ~4% charge that
the CC companies charge the merchant, and then advertise both prices
("Price: $12.00. Cash: $11.54"). Liquor stores here do this a lot.
> So. forewarned is 1/2 an octopus....
Ooh, I've only got 2 or 3 octopodes[1], so I can't see chopping one in
half.
[1] <http://www.faqs.org/faqs/alt-usage-english-faq/>
--
Susan Hoover
Houston, TX
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Message has 1 Reply:
 | | Re: CC acceptance
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| (...) This is the nicest part about being in the US--I've been able to demand payment in my currency, with reasonable expectation that the buyer will be able to provide it. (...) That's true in MI and NJ as well, IIRC--but it's very grey in both (...) (25 years ago, 21-Jan-00, to lugnet.market.theory)
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Message is in Reply To:
| | CC acceptance
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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 (...) (25 years ago, 20-Jan-00, to lugnet.market.theory)
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