Ferrari Mailing List: Re: NFC.Credit card BS

[Jeff Greenfield (coyote]

Isn't there something in the agreement between the merchant and the credit
card company that says something to the effect that the merchant can't
penalize a customer for paying with a credit card, ie pass the fee(s) on to
them?

Or does that only apply up to a certain amount?

Jeff

-----Original Message-----
From: Brian E. Buxton [mailto:BrianBuxton [at] BuxtonMotorsports.com] 
Sent: Monday, May 18, 2009 4:39 PM
To: Jeff Greenfield
Cc: The FerrariList
Subject: Re: [Ferrari] NFC.Credit card BS

Yes merch fees range from about 2-5%.  I don't charge a fee for up to a 
certain $ amount, but if someone wants to purchase something out of the 
ordinary, such as a car, etc, I charge them the bank fees and have them 
sign paperwork acknowledging that.  On some deals a $1,000 bank fee 
could erase profits!

Brian



LarryT wrote:

>    Cool! You must have enough built in to the price to cover the merchant
account fee?   There was a dealership in NC that sold a new MB - and the
customer wanted to pay using Amex - since they publicized they accepted AMEX
(intended for the parts dept) they had to accept it for the new car sales.
Don't know ow much their merchant fee was or how much their new car margin
was but they raised such a fuss it was in the newpaper - 
>
>    Isn't the merchant fee usually between 2% & 4% depending on sales
volumn?
>
>LarryT
>
>https://www.nrahq.org/nrabonus/accept-membership.asp
>
>Free 1 year NRA membership to anyone interested!
>  
>

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