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re: 3% Credit Card Fee

Posted on 2/2/24 at 6:18 pm to
Posted by Ric Flair
Charlotte
Member since Oct 2005
13668 posts
Posted on 2/2/24 at 6:18 pm to
Charging a cc fee is probably against the terms of service of the cc company. A few local businesses here give a “cash discount” of 3%, which makes the custom feel better about paying cash, and probably increases cash transactions vs charging an additional fee to the baseline price.
Posted by Srbtiger06
Member since Apr 2006
28268 posts
Posted on 2/2/24 at 9:21 pm to
quote:

A few local businesses here give a “cash discount” of 3%, which makes the custom feel better about paying cash,


You're likely getting the discount after they marked up prices.

My job doesn't charge it yet but we're looking at it. We paid enough in CC fees last year to cover another employee and a half.

Everyone says "just raises prices, it's CODB!"...but then they bitch if you raise prices.
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