Merchant credit card abuses
After reading the other post regarding "credit card fees", I found some interesting reading
HERE
It seems many sellers (dealers) charging a surcharge for using a credit
card could be violating their state law (depending on the state from which they are selling) and, most certainly, violating the rules of Visa and MasterCard.
HERE
It seems many sellers (dealers) charging a surcharge for using a credit
card could be violating their state law (depending on the state from which they are selling) and, most certainly, violating the rules of Visa and MasterCard.
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Some of the smarter ones don't "add" for credit cards in their wording. Instead, they "discount" for cash, e.g., "Auction prices are based on cash purchase and are discounted by 3%. If paying by credit card, you lose the discount". It's a matter of semantics. How can they give a "cash discount" when they don't even know what the selling price will be until the auction ends? 0 -
quote:Originally posted by Spider7115
How can they give a "cash discount" when they don't even know what the selling price will be until the auction ends?
Exactly! If you're the winning bidder, the cash discount percentage should be deducted from your winning bid before payment is totaled and paid.0 -
Do you need something else to do????? 0 -
Seriously.
F'n WHAAA!
Don't like surcharges. USE A MONEY ORDER! I even accept personal checks.
Convenience COSTS. Mostly it costs the vendor.
Who do you think pays that 1% cash back that you enjoy on those "rewards" cards?
THE VENDOR!
The Convenience Pirates pay nothing. All costs are passed on to the vendor.
Some of you people have too much time on your hands to whine that a vendor won't take a 2.6 to 4% WHACK because you're too lazy or too impatient to send another monetary instrument and (gasp) actually have to WAIT for gratification.
Boo Hoo.
D.0 -
You also cannot have a mininum purchase[;)] if you want to charge .25? they have to take it......
Don0 -
Alas, you forget the one overriding principle.
"We reserve THE RIGHT" to refuse anyone's business, for any reason, expressed or implied.
I wanna buy a single round of ammo and put it on my CC.
Sorry, we're fresh out.
D.0 -
quote:Originally posted by AZEX
Seriously.
F'n WHAAA!
Don't like surcharges. USE A MONEY ORDER! I even accept personal checks.
Convenience COSTS. Mostly it costs the vendor.
Who do you think pays that 1% cash back that you enjoy on those "rewards" cards?
THE VENDOR!
The Convenience Pirates pay nothing. All costs are passed on to the vendor.
Some of you people have too much time on your hands to whine that a vendor won't take a 2.6 to 4% WHACK because you're too lazy or too impatient to send another monetary instrument and (gasp) actually have to WAIT for gratification.
Boo Hoo.
D.
+1 Most guns sold here are sold with very little mark up...a vendor cannot aford to eat 3% when he's only making 5%...if that.
It is completely legal, and within Visa and Mastercard's policies to offer a cash discount...0 -
Thanks, I don't get too many "props" from mods around here, but the fact is that if you don't like the terms of the sale, DON'T BUY.
Folks who would snitch off a vendor to cause him grief with his Merchant Services people are stealing the food from their kids' mouths and deserve a punch in the head.
D.0 -
quote:Originally posted by AZEX
Seriously.
F'n WHAAA!
Don't like surcharges. USE A MONEY ORDER! I even accept personal checks.
Convenience COSTS. Mostly it costs the vendor.
Who do you think pays that 1% cash back that you enjoy on those "rewards" cards?
THE VENDOR!
The Convenience Pirates pay nothing. All costs are passed on to the vendor.
Some of you people have too much time on your hands to whine that a vendor won't take a 2.6 to 4% WHACK because you're too lazy or too impatient to send another monetary instrument and (gasp) actually have to WAIT for gratification.
Boo Hoo.
D.
I always pay Cashier's Check or USPS Money Order----never a credit card; however, I feel any retailer (gun dealer or otherwise) should abide by Visa's or MasterCard's rules and "their" state law, if it applies.
A discount on a "cash purchase" is plain and simple
(re: I win a bid at $400.00, 3% discount for cash results in a price of $388.00 plus shipping). This crap (ad) stating "a 3% (or whatever) discount for a cash purchase has been calculated into the price with a starting price of $350.00 (???)
that's great
what if it sells for more than $350.00
say $400.00
what happened to the discount? All of a sudden I owe $400.00 + shipping with NO discount. Period!0 -
MI is beginning to bust people for listing a "discounted price" instead of the selling price. I don't know all the details but it started with pizza places listing a "discounted cash" price for pick up orders but not listing the full price for delivery and CC orders. 0
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