Companies websites and 3% CC fees

Site Notices

TNVC Partners With Envision Technology - MARS Rangefinder Family, MARS-Lc!

[ARCHIVED THREAD] - Companies websites and 3% CC fees

Posted: 10/30/2014 7:37:21 AM EDT

Does it bother anybody else how companies display their "cash" price on their website knowing full well that they add 3% for all orders via a CC fee? It just seems to me that since the majority of your internet orders involve a card of some type that it would be better to just display your full price and offer a 3% discount for cash if that's what you want. Maybe its just me but its one those things that makes me go "Really?".

Posted: 10/30/2014 7:39:00 AM EDT

[#1]

They always make me almost consider sending in an MO...almost...

Posted: 10/30/2014 7:46:08 AM EDT

[#2]

Personally, I always read the terms and conditions before I get too interested in making a purchase.

FWIW- The credit card companies prohibit the practice of upcharging customers for CC use are not amused by vendors calling it a "cash discount" either. If you appear on their radar they can and often will terminate your ability to accept credit cards for payment which would put most online retailers out of business.

Posted: 10/30/2014 7:49:54 AM EDT

[#3]

I think it is just as much BS that the Card companies charge the business for you to use your card there. A lot of the little guys pass the charge on to there customers that are inducing the charges.

Places like Buds Guns show you both prices up front, a Cash discount price and a "retail" price.

Posted: 10/30/2014 7:52:48 AM EDT

[#4]

Quote History

Quoted:
Personally, I always read the terms and conditions before I get too interested in making a purchase.

FWIW- The credit card companies prohibit the practice of upcharging customers for CC use are not amused by vendors calling it a "cash discount" either. If you appear on their radar they can and often will terminate your ability to accept credit cards for payment which would put most online retailers out of business.

View Quote

The end result of that is that all prices go up 3% and the sellers pocket the extra from cash.

Posted: 10/30/2014 7:54:36 AM EDT

[#5]

Quote History

Quoted:
I think it is just as much BS that the Card companies charge the business for you to use your card there. A lot of the little guys pass the charge on to there customers that are inducing the charges.

Places like Buds Guns show you both prices up front, a Cash discount price and a "retail" price.

View Quote

Would you rather pay it? They're not going to provide the service for free.

Posted: 10/30/2014 8:36:30 AM EDT

[#6]

Against the law in some states, a fucked law, but never the less.

Posted: 10/30/2014 8:53:41 AM EDT

[#7]

I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

Posted: 10/30/2014 8:58:25 AM EDT

[#8]

CC fee to a business is dependent upon several factors

Number and size of transactions, and whether or not the card is physically swiped are the two ones that carry the most weight.

We run a small number of high dollar transactions without the card present and get hosed way worse than 3% in CC fees-and this was after extensive shopping around.

Posted: 10/30/2014 10:08:31 AM EDT

[#9]

Quote History

Quoted:
I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:
I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

That guy
l
l
V

Quoted:
CC fee to a business is dependent upon several factors

Number and size of transactions, and whether or not the card is physically swiped are the two ones that carry the most weight.

We run a small number of high dollar transactions without the card present and get hosed way worse than 3% in CC fees-and this was after extensive shopping around.

Posted: 10/30/2014 10:34:17 AM EDT

[#10]

Quote History

Quoted:

I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

View Quote

I highly doubt those fees are under 1.5%. Interchange on cards hovers right around 2% as an average. Either you are paying more than you think or your merchant provider is getting hosed.

Posted: 10/30/2014 10:52:04 AM EDT

[#11]

Quote History

Quoted:
I highly doubt those fees are under 1.5%. Interchange on cards hovers right around 2% as an average. Either you are paying more than you think or your merchant provider is getting hosed.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

I highly doubt those fees are under 1.5%. Interchange on cards hovers right around 2% as an average. Either you are paying more than you think or your merchant provider is getting hosed.

I agree, american express charges more than that.

Posted: 10/30/2014 10:58:03 AM EDT

[#12]

Yep! It is the cost of doing business. If they do not like do not accept credit cards. Chicken shit!

Posted: 10/30/2014 11:13:17 AM EDT

[#13]

yeah a retailer that derives most of their revenue online that advertises cash prices can suck a chode.

Posted: 10/30/2014 11:37:36 AM EDT

[#14]

Quote History

Quoted:
I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

View Quote

Card not present transactions combined with other factors make 3% a typical amount for small online retailers. That's minimum, if someone uses a rewards card it can be 5 to 6%.

Is your fee 1.5% even for rewards cards, and Discover/Amex?

Posted: 10/30/2014 11:40:01 AM EDT

[#15]

I only look at the final price.
I dont care how the company breaks it down, product,shipping,tax,blah blah blah.
If the final price is a price Im willing to pay then thats all that matters.

Posted: 10/30/2014 11:42:20 AM EDT

[#16]

Quote History

Quoted:
I'd like to know WHO in the retail side is paying 3% for their CC processing ? ? ? ?

We're just a small Co. , our CC processing fees are UNDER 1.5%

Must be the same people who walk into a car dealership and pay sticker price.

View Quote

What processor do you use? I pay about 2.5% to accept CCs and it had been far more with others in the past.

[ARCHIVED THREAD] - Companies websites and 3% CC fees

General » General Discussion

Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.

Warning

Confirm Action

About AR15.COM

Stay Connected

Newsletter

Contact Us