Charges for using credit cards?

Slingin Sammy 33 · 06-22-2011, 12:07 PM

I'm so glad I got out of the small restaurant biz. But to TMC's point, I would've just raised prices slightly to cover the increase in fees.

Monkeydad · 06-22-2011, 12:19 PM

Quote:

Originally Posted by firstdown

I saw your post right after I posted mine. She required a $10 purchase if using a credit card but that's not legal or maybe it was against the contract with the merchant. Can't remember.

I would think it would be the latter. It's not illegal that I am aware of, many businesses have a minimum credit card transaction amount. However, the credit card merchant companies are ruthless, they DO write things in their contracts to really rip their clients off and make it difficult to get out of their contracts with huge fees to get out early. I've seen merchant companies require businesses with separate locations all under the same Fed Tax ID and using the same bank account to register each location as a separate merchant ID, allowing them to charge extra fees as opposed to if it were properly set up as a single merchant # for the business as a whole. Separate locations do not merit separate accounts if the money is all going to the same place.

They're con artists. If you're not careful, they'll suck your business dry. Thankfully,you CAN negotiate the terms.

MTK · 06-22-2011, 12:50 PM

Cash is so antiquated these days. I haven't experienced any of these new fees myself.

firstdown · 06-22-2011, 01:13 PM

Quote:

Originally Posted by Mattyk;807869[[B

B]]Cash is so antiquated these days[/B].[/B] I haven't experienced any of these new fees myself.

Kids now days.

Monkeydad · 06-22-2011, 04:46 PM

Yeah, kids...using credit cards, Excel and Viagra for fun. Sheesh.

Ruhskins · 06-22-2011, 04:47 PM

Quote:

Originally Posted by Mattyk

Cash is so antiquated these days. I haven't experienced any of these new fees myself.

Agreed.

Daseal · 06-22-2011, 04:52 PM

I would gladly pay 2-3% more for items if I never have to stand behind someone writing a god damned check in the grocery store.

Now, what's really ****ed up is my college charges 20% to use a credit or debit card to pay for tuition. Each class is $1600. That is a huge chunk of cash. Instead they'd rather I mail them a check, PAY SOMEONE to file the check, edit my file saying I've paid, take the check to the bank, make sure it doesn't bounce, etc etc. Get rid of these peoples jobs and the credit card fees don't seem too bad!

Ruhskins · 06-22-2011, 04:55 PM

Quote:

Originally Posted by Daseal

I would gladly pay 2-3% more for items if I never have to stand behind someone writing a god damned check in the grocery store.

Now, what's really ****ed up is my college charges 20% to use a credit or debit card to pay for tuition. Each class is $1600. That is a huge chunk of cash. Instead they'd rather I mail them a check, PAY SOMEONE to file the check, edit my file saying I've paid, take the check to the bank, make sure it doesn't bounce, etc etc. Get rid of these peoples jobs and the credit card fees don't seem too bad!

WTF?! That sucks dude. Next time you should pay with pennies. LOL.

firstdown · 06-22-2011, 05:01 PM

Quote:

Originally Posted by Slingin Sammy 33

I'm so glad I got out of the small restaurant biz. But to TMC's point, I would've just raised prices slightly to cover the increase in fees.

So we will know what % do they hit a small business for?

mredskins · 06-22-2011, 05:04 PM

Quote:

Originally Posted by Mattyk

Cash is so antiquated these days. I haven't experienced any of these new fees myself.

I agree I hate using cash. Actually if I do have cash I tend to want to buy stuff more vs. just having my check card. When I use a check card silly purchases come back to haunt me when I do my budget at the end of the month and re-see the charge. When I pay cash I seem to forget it.

I usually keep ten bucks on me for walking around cash.

firstdown · 06-22-2011, 05:42 PM

This thread had me laughing at a customer. Mr stuck in the 60's with his long sideburns walks into the office to pay his bill by check then need's a receipt. He probably burned $10 worth of gas to get here and has a glove box of receipts. This guy does this about three times a month to pay his policies.

Daseal · 06-22-2011, 05:43 PM

Quote:

Originally Posted by Ruhskins

WTF?! That sucks dude. Next time you should pay with pennies. LOL.

That's genius. try to get a bunch of people to pay in pennies.

3 Classes x1600 = 4800 dollars.

Not sure How i'd carry 4,800,000 pennies...

firstdown · 06-22-2011, 06:02 PM

Quote:

Originally Posted by Daseal

That's genius. try to get a bunch of people to pay in pennies.

3 Classes x1600 = 4800 dollars.

Not sure How i'd carry 4,800,000 pennies...

Ok, do dimes.

mlmdub130 · 06-22-2011, 06:12 PM

Quote:

Originally Posted by Daseal

That's genius. try to get a bunch of people to pay in pennies.

3 Classes x1600 = 4800 dollars.

Not sure How i'd carry 4,800,000 pennies...

i know a chick that paid her last months rent in pennies because her landlord was a giant dick. they tried not to take it but it is legal tender and they had to take it. she went to the bank and got em there, i wanna say it was around $500 worth, she took them in in two boxes, pretty sweet.

NC_Skins · 06-23-2011, 10:50 AM

Banks/Financial institutions ripping people and other businesses off again? SAY IT AINT SO. Nope. Business as usual. Nothing to see here. Move along.

06-22-2011, 12:07 PM	#16
Slingin Sammy 33 Playmaker Join Date: Feb 2007 Location: Virginia Beach Posts: 4,347	Re: Charges for using credit cards? I'm so glad I got out of the small restaurant biz. But to TMC's point, I would've just raised prices slightly to cover the increase in fees. __________________ "I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.

06-22-2011, 12:50 PM	#18
MTK \m/ Join Date: Feb 2004 Location: NY Age: 52 Posts: 99,462	Re: Charges for using credit cards? Cash is so antiquated these days. I haven't experienced any of these new fees myself. __________________ Support The Warpath! \| Warpath Shop

06-22-2011, 04:46 PM	#20
Monkeydad Living Legend Join Date: Mar 2006 Location: PA Age: 45 Posts: 17,460	Re: Charges for using credit cards? Yeah, kids...using credit cards, Excel and Viagra for fun. Sheesh. __________________ Not sent from a Droid, iPhone, Blackberry or toaster

06-22-2011, 04:52 PM	#22
Daseal Puppy Kicker Join Date: Feb 2004 Location: Arlington, Virginia Age: 41 Posts: 8,341	Re: Charges for using credit cards? I would gladly pay 2-3% more for items if I never have to stand behind someone writing a god damned check in the grocery store. Now, what's really **ed up is my college charges 20% to use a credit or debit card to pay for tuition. Each class is $1600. That is a huge chunk of cash. Instead they'd rather I mail them a check, PAY SOMEONE to file the check, edit my file saying I've paid, take the check to the bank, make sure it doesn't bounce, etc etc. Get rid of these peoples jobs and the credit card fees don't seem too bad! __________________ Best. Player. Available.**

06-22-2011, 05:42 PM	#26
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 60 Posts: 15,817	Re: Charges for using credit cards? This thread had me laughing at a customer. Mr stuck in the 60's with his long sideburns walks into the office to pay his bill by check then need's a receipt. He probably burned $10 worth of gas to get here and has a glove box of receipts. This guy does this about three times a month to pay his policies.

06-23-2011, 10:50 AM	#30
NC_Skins Gamebreaker Join Date: Nov 2010 Posts: 14,402	Re: Charges for using credit cards? Banks/Financial institutions ripping people and other businesses off again? SAY IT AINT SO. Nope. Business as usual. Nothing to see here. Move along.

Charges for using credit cards?

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