View Single Post
  #2  
Old 01-22-2014, 02:35 PM
bnorth's Avatar
bnorth bnorth is offline
Ben North
Member
 
Join Date: Jun 2013
Location: South Dakota
Posts: 9,912
Default

When accepting CC there are many more fees than you would think. I looked into it a couple years ago and you need to buy the CC machine and choose a provider to process the payments that also charge a yearly fee. All that is on top of the per transaction fees. Then it also depends on the provider what CC/Debit cards you can accept. For me it was too much of a pain in the a$$ to do for the few customers it would add.

The auction house would have to raise buyer/seller premiums to make up the difference. I know in the state I live in you can not add the CC/paypal fees to the purchase because it is illegal. Most get around this by raising prices and giving a discount for cash.
Reply With Quote