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re: 3% Credit Card Fee
Posted on 2/5/24 at 2:52 pm to slackster
Posted on 2/5/24 at 2:52 pm to slackster
quote:
Imagine charging 3% more to access a substantial amount of potential customers. Businesses around the world found a way to make ends meet and then some for decades without the fees, but now they’re required to survive? It’s a lazy cash grab under the woe is me umbrella.
when i was selling forklifts, we offered a cash price and had to dance around the credit card price. Our boss was very paranoid about the wording, i think there was a legal issue at one point. We couldnt expressly say that we had to adjust the price to cover the fee
The problem is that the margins are new lifts are pretty small. 7-15% for average run of the mill warehouse forklift. So we couldn't just blindly put 3% into every deal to cover the 5 or 6 people a year who wanted to use a credit card on a new lift
little easier to eat 3% for high margin stuff like parts and service
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