Credit card user fee?

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Been that way at gas stations here in CT for some time.
 
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steve149 said:
Been that way at gas stations here in CT for some time.
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They have then been violating the Credit Card Rules and Policies, they are lucky nobody complained. Merchants could give a Discount for cash but they could not charge more for use of a Credit card. With this new ruling that could change. The people who don't care will be the ones to set the precedent then it will become the norm.
 
Same difference. They just post a cash price and a credit price, at least most do.
 
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steve149 said:
Been that way at gas stations here in CT for some time.
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+1 been seeing it a lot here in Upstate NY only the last few months though. It's worded as you received at $.05/gal discount for using Debit or Cash.

ahoustondj said:
They have then been violating the Credit Card Rules and Policies, they are lucky nobody complained. Merchants could give a Discount for cash but they could not charge more for use of a Credit card. With this new ruling that could change. The people who don't care will be the ones to set the precedent then it will become the norm.
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I thought the same but apparently not so. A few gas stations even have separate Credit and Cash/Debit prices listed on their big signs out front. I doubt they'd be so brazen about it. Personally outside of AMEX it's always debit for me so I could careless.
 
Big Dan said:
+1 been seeing it a lot here in Upstate NY only the last few months though. It's worded as you received at $.05/gal discount for using Debit or Cash.



I thought the same but apparently not so. A few gas stations even have separate Credit and Cash/Debit prices listed on their big signs out front. I doubt they'd be so brazen about it. Personally outside of AMEX it's always debit for me so I could careless.
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If they are posting the Prices and listing Debit and Cash as the Discounted Prices that is OK, always has been.
 
Here its done that we have to disclose all charges - I add a 5% charge for credit cards

but we also have to charge an extra 10% for GST (Goods and Services Tax)

but........ they pay cash then no GST and no credit card charges

suits me just fine
 
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According to ABCNews (link Doug posted):

"Ten states prohibit credit card surcharges, so if you're making a purchase in any of the following, you won't have to worry about being penalized: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas."
 
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We don't allow people to rip us off.
 
I honestly see no difference in offering a "cash discount" or a "credit card charge".....it is the same thing, it is nothing but passing the processing fee on to the customer

Houston, "ripping you off?" really? so the company should be responsible for the fee? should they also be responsible for the shipping cost? or how about the cost of the product itself? I know, how about we just have everything free for everybody, then you will never have to worry about someone ripping you off!
 
sightsandsounds said:
Houston, "ripping you off?" really? so the company should be responsible for the fee?
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Yes Patrick -- it is a cost of doing business (CDB).

Consider if you will, that a brick and mortar store has to pay taxes, rent, water and sewer, electric, etc. Credit card fees are minor in comparison, and can be written off your taxes (presuming you pay taxes).
 
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When a merchant is offering to accept credit cards , they are actually targeting that category of customers. That is why they pay a fee to the credit card companies. They are paying for the privilege. Plus, if they have a stake in that card , they're making money off the interest as well.
 
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SoftJock Rick said:
Yes Patrick -- it is a cost of doing business (CDB).
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That is exactly my point Rick....everyone on here builds the credit card fees into the cost of the services, so technically, you are ripping the people off who pay cash because they are being charged more for a service they are not using. A cash paying discount or a credit card fee is the EXACT same thing, just worded differently
 
sightsandsounds said:
That is exactly my point Rick....everyone on here builds the credit card fees into the cost of the services, so technically, you are ripping the people off who pay cash because they are being charged more for a service they are not using. A cash paying discount or a credit card fee is the EXACT same thing, just worded differently
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Nah, I don't build it in. PP or Google Checkout (now wallet), charge me like 3 bucks on a $120 purchase -- I eat it -- CDB. Plus I get the tax write off, since my gross income is less. You can do that a couple of different ways, either report a lower gross income, or write off the fees.

For example, let's say you charge $600 bucks for a gig, and PP grabs you for $17 bucks or so (2.9 % + .30 cents). Your earnings are now $582 as reported on your taxes. You didn't get the full $600, so your taxes will be lower either way you do it. You can either itemize it as an expense, or just claim the lower rate of earnings.
 
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I've seen people advertise "cash or check only .. credit cards accepted with a 3% fee." I know it's not "legal" but I have no issues with it.
 
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steve149 said:
I've seen people advertise "cash or check only .. credit cards accepted with a 3% fee." I know it's not "legal" but I have no issues with it.
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So, do you download your music from a torrent? Because that's not legal either, and you should have no issues with it, or your competition doing it that way...

We live in a plastic society now -- it's either a debit or credit card. I don't accept personal checks for example, every single one I've gotten has bounced. I go to Haleem's Mini Mart and IED Lab almost every day, and people buy a cup of coffee and the newspaper with their plastic.

Consider this: If I need cash, I have to either drive 10 miles round trip to my banks ATM for a free transaction, or I could use the ATM at Haleems for $2, or the little bank next door for $3. Or, I can just hand him the plastic, and it costs me no extra. Also, there's a limit on the amount of cash you can draw per day from an ATM, which is far lower than the daily limit of using the plastic directly.

Now, I only use debit cards, but some places process it as a credit card. If they charged me an additional fee, I would not do business with them any longer. So the say $10-20 I spend at the mini mart almost daily would dry up for him. Is it not worth his while to eat the cost, and keep the business? For example, if that $10 netted him $3 in profit, and he had to pay 9 cents for the credit card fee, he still nets $2.91. Now, since I am there almost every day, I am quite friendly with the owner, and he gets quite a volume of traffic. Lots of breakfast food sales (he has a grill), beer sales, lunch sales, gas, etc. If he charged a surcharge, he would lose hundreds per day, instead of dollars per day for the credit card fees -- not logical.

Plus, as mentioned earlier, he gets it back in terms of a tax write off. It's a win-win situation, to NOT use a surcharge.
 
Rick, you are just one person out of millions.....many people (like myself) RARELY use plastic....I am cash for everything. I have a pre-paid card from WalMart that I put just the right amount of money on to cover the things I buy online, but outside of that, I don't touch plastic. And also, I know many places in my area that a have a minimum credit card charge.
 
sightsandsounds said:
Rick, you are just one person out of millions.....many people (like myself) RARELY use plastic....I am cash for everything. I have a pre-paid card from WalMart that I put just the right amount of money on to cover the things I buy online, but outside of that, I don't touch plastic. And also, I know many places in my area that a have a minimum credit card charge.
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I like cash as well, but it's too expensive these days (ironic, isn't it).

If I needed to pay you say $600, that requires 2 trips to the ATM machine, on two separate days (I think I have a $400-500 cash limit per day). So, it either costs me about $8 in gas to go to my banks ATM, or $6 to go to the little local banks ATM (plus gas to get there). Not worth it.

I have exactly $2 cash to my name -- that's to tip the Chinese guy when he delivers my food (I use the plastic over the phone to actually pay for the food).

All income I get comes in via plastic, and almost all goes out via plastic of some sort (unless I'm buying guns or ammo, or something I don't want a paper trail on).

I haven't seen a minimum credit charge sign in years in NY or FL. Of course, you are in WV, and that may not have trickled down to you folks yet... :laughing7:
 
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We have minimum credit purchases in most gas stations and Chinese restaurants up here in Sullivan County, Rick. Maybe it's the areas I frequently travel through (Ghetto-ish) but almost everyone of them has a $10 minimum sign posted. Those minimums may annoy me but I do see the point that under $10 is probably cutting into their profits significantly and they'd rather lose the sale then eat the fees.

Aside from that I'm one of the 'idiots' that swipe my card for a $2 cup of coffee at Dunkin Donuts and I see tons of people doing so. I generally only pay in cash if it's something I'm wheeling and dealing. After Hurricane Sandy and the phone networks and thus credit card & ATM machines being down for days I now keepmore cash than ever on hand for emergencies.

I'm 100% with Rick on the it's the cost of doing business for the business owner and I wouldn't shop somewhere that directly passes the fee onto me as a separate charge. Any business owner with two brain cells to rub together is already getting a write off for credit card fees.

SoftJock Rick said:
If I needed to pay you say $600, that requires 2 trips to the ATM machine, on two separate days (I think I have a $400-500 cash limit per day). So, it either costs me about $8 in gas to go to my banks ATM, or $6 to go to the little local banks ATM (plus gas to get there). Not worth it.
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Just go to the bank and write yourself out a check to cash. Even easier most banks will let you withdraw above your debit card's daily limit so long as it's swiped at a teller's station in the bank.

Bigger stores (Wal-Mart, Grocery Stores) will let you get cash back when you pay with a debit card. This is most often how I get my cash.
 
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