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Dentallabnetwork.com
Business Ideas
Credit Card Payments Only?
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<blockquote data-quote="TheLabGuy" data-source="post: 43452" data-attributes="member: 126"><p>Yep, that's what I've done and experienced. I'm with Doug also, love having my money in the bank on the 2nd day of the month, it's worth the 2.5%. Just a reminder folks, it's against ALL credit card companies policies...YOU cannot charge extra for that 2.5, 1.8, 3%, or whatever your fee is to the customer. That goes for gas stations, shopping centers, etc... I had one awhile back try that and when confronted the business owner just didn't know. He thought he could charge an extra (5%) because that's what the credit card companies were charging him. I told him he has to raise the price of his product to incorporate that 5% instead of creating a separate charge because if the credit card companies find out he's doing that they will pull his credit card privileges instantly and won't let him use any credit cards at his business.</p></blockquote><p></p>
[QUOTE="TheLabGuy, post: 43452, member: 126"] Yep, that's what I've done and experienced. I'm with Doug also, love having my money in the bank on the 2nd day of the month, it's worth the 2.5%. Just a reminder folks, it's against ALL credit card companies policies...YOU cannot charge extra for that 2.5, 1.8, 3%, or whatever your fee is to the customer. That goes for gas stations, shopping centers, etc... I had one awhile back try that and when confronted the business owner just didn't know. He thought he could charge an extra (5%) because that's what the credit card companies were charging him. I told him he has to raise the price of his product to incorporate that 5% instead of creating a separate charge because if the credit card companies find out he's doing that they will pull his credit card privileges instantly and won't let him use any credit cards at his business. [/QUOTE]
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