Quote:
Originally Posted by Earthling
I had my car fixed one time and I noticed they took Visa. The repair was about $600 and when they rang it up they said around $650. I told them they had quoted me $600 and they said the credit card company charged them and they were passing that on to to me, the credit card user. I went and got the cash instead, saving about $50 in the process and never used them ever again.
Anyway, I would raise the beer price to $2.25 and be done with it there, not charging extra for cc users. I would think the other establishments would be following suit.
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Ok, I have a problem with this situation. You factor in the cost of your credit card fee into your prices up front. Then, if you want to discount that fee from cash purchases more power to you. But you do not add the transaction fee on after the fact.
That, and I know of no processing company that charges fifty bucks for a single transaction. I may be off a little bit, and will depend on the processing company you go with but, I want to say some where in the two to three dollar range is typical these days.