Ferrari Mailing List: Re: NFC.Credit card BS

[Brian E. Buxton (BrianBuxton]

You can't charge extra if people choose to pay with a card, UNLESS they 
are informed and agree to it.  The way around that is to not accept 
credit cards for any purchase over $1500 (or whatever amount) unless the 
buyer covers the fees.  The other way around i is to raise prices and 
offer a cash discount, but I don't like to raise prices of my cars by 
$2,000+ just in case someone wants to pay with a card.  It's too rare an 
occurrence.

Brian



Jeff Greenfield wrote:

> 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!
> >
> >
> >    
>
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/coyote%40acme-ltd.com
>
> Sponsored by BooyahMedia.com 
> and F1 Headlines
> http://www.F1Headlines.com/
>
> _________________________________________________________________
> To unsubscribe or modify your subscription options, please visit:
> http://lists.ferrarilist.com/mailman/options/ferrari/brianbuxton%40buxtonmotorsports.com
>
> Sponsored by BooyahMedia.com 
> and F1 Headlines
> http://www.F1Headlines.com/
>
>  

--

Brian E. Buxton, President



Buxton Motorsports, Inc. <http://www.buxtonmotorsports.com>

301 North Royal Ave.

Buxton Plaza

Evansville, IN 47715-2866

(812) 476-2281 x 209 office

(812) 760-5513 mobile



Member ThaList.com <http://www.ThaList.com>



President, Brian Buxton Enterprises, Inc. 
<http://www.buxtonmotorsports.com/storage-transportation.php>

Nationwide Enclosed Auto Transportation



Founder & Past President

SO. IN Region PCA