Price is MORE with a Credit Card? - No dice!
- Thread starter Rezin
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Double Naught Spy
Sus Venator
ReZin and waterhouse, those who complain about the credit card issues and who want to tell you what your agreement is with the company to take credit cards are simply folks ignorant of the whole credit process, suspicious of you because apparently you are trying to rip them off for 3%, and ignorant of the business. They assume that you are making a lot of money on each transation and often will be clueless as to the fact that just because you are making X % gross profit on the sale of an item, that your net may be much lower. All they know is that you paid $900 for a gun and are sellling it for $999, so you obviously could be knocking off another $50 and still come out way in the profit. They don't seem to understand that gross profit isn't the same as net profit. So another $29 would come out with the credit card and now you are down to $20 gross profit from which you will be paying rent, utilities, salaries, retirement, profit sharing, your 7.5% contribution to each employees social security, etc. All of a sudden, that gun that cost you $900 to buy just lost you $40 when you sold it for a gross profit of $20.
It is annoying to deal with such folks because all they care about is how well they are making out on the deal and they could not care less about how you come out on the deal. They are fine with you losing money because they don't work for you.
It is annoying to deal with such folks because all they care about is how well they are making out on the deal and they could not care less about how you come out on the deal. They are fine with you losing money because they don't work for you.
I kind of like to use credit at the local gun chain just to piss them off as they have no difference in price for credit and they usually have poor service but I can't avoid going to them for certain items occasionally that others may not stock.
joab
Member
A deal is a deal.
Don't enter into it if you have no intention of upholding your end of the deal.
Calling it a discount for cash is a cheesy cop out
Don't enter into it if you have no intention of upholding your end of the deal.
Calling it a discount for cash is a cheesy cop out
Personally, I like the fact that I can get a lower price using cash. If all gun shops use the "advanced" business plan proposed, we would all be paying extra like we do with most other products. If they didn't show cash prices, the sticker price would be 3% higher, but I would still be able to get the lower price more than likely. (I think have actually seen prices listed as $ + 3% before)
I think the whole premise of this thread is a bunch of complaining for the sake of complaining. If you don't like it, open your own gun shop and do it the way you want. Cheapskates will go to the other store for the "cash" price.
I think the whole premise of this thread is a bunch of complaining for the sake of complaining. If you don't like it, open your own gun shop and do it the way you want. Cheapskates will go to the other store for the "cash" price.
No offense, but who the hell are you to be concerned about that. It is none of your business. If you feel so strongly about it, report them.joab said:
Me, I like paying 3% less. In the end, you will gain nothing if credit card companies suddenly start enforceing this particular rule. The only thing accomplished would be to force the guy with cash to pay more.
craig
Member
having a cash price and a credit price wouldn't bother me a bit. sounds like a good idea to me. that way i could decide if i really need [want] that gun that bad. i just wish the sellers would post both prices. figuring out 3% in your head can be a drag sometimes.
And business owners sometimes don't understand that they would not have the sale AT ALL if they were not offering the credit card option. The consumer is buying YOUR product and paying YOUR bills while paying the credit card company's interest as well. Bad bad customer. That attitude toward the customer is far too common at gunshops. The shop needs buyers...they don't need the shop.
joab
Member
I'm sorry, I must have missed the rule that said I had to agree with you before posting my opinion on anything.
ServiceSoon
Member
fdic laws, rules, and, regulations
http://www.fdic.gov/regulations/laws/rules/6500-500.html#6500167
S 167
"(2) No seller in any sales transaction may impose a surcharge on a cardholder who elects to use a credit card in lieu of payment by cash, check, or similar means."
http://www.fdic.gov/regulations/laws/rules/6500-500.html#6500167
S 167
"(2) No seller in any sales transaction may impose a surcharge on a cardholder who elects to use a credit card in lieu of payment by cash, check, or similar means."
LiquidTension
Member
I wouldn't have a problem with posting two prices for stuff - that's what Green's does. Cash price, credit price. If you don't have cash, you pay more. Now, if they posted the cash price and then added 3% at the register that would be unacceptable.
Ohen Cepel
Member
I have no issue with them charging for your privledge to use a credit card. It cost them so why shouldn't it cost you.
I don't expect them to ship things for free either.
It's part of the reason I prefer to do business in cash.
I don't expect them to ship things for free either.
It's part of the reason I prefer to do business in cash.
Hawk
Member
I understand the seller's issues involved with cc fees.
That said, anybody that attempts to circumvent a binding agreement that they voluntarily signed not to surcharge credit cards makes me wonder how their ethics may affect their dealings with me.
Thus, I choose not to do business with sellers that surcharge credit cards.
I don't berate those that do. The seller has that right. I exercise my right to avoid them.
My Auction Arms list of sellers whose auctions I check is very short. They all take credit cards and don't surcharge.
Do I miss some deals that way? No doubt. My choice. But I can't see whining about those that do surcharge - just go elsewhere.
That said, anybody that attempts to circumvent a binding agreement that they voluntarily signed not to surcharge credit cards makes me wonder how their ethics may affect their dealings with me.
Thus, I choose not to do business with sellers that surcharge credit cards.
I don't berate those that do. The seller has that right. I exercise my right to avoid them.
My Auction Arms list of sellers whose auctions I check is very short. They all take credit cards and don't surcharge.
Do I miss some deals that way? No doubt. My choice. But I can't see whining about those that do surcharge - just go elsewhere.
hotpig
Member
jason10mm said:
I pay .35 per transaction plus 3.35%. Internet and phone sales cost more than swipping the card since there is a bigger risk.
Oh, you changed your mind? Yes I will credit you card for the full amout. They charge me .35 plus 3.35% again. Discover is the worse, they have their fingers in my bank account for verious fees all the time. I hope that I at least break even on sales that pay with Discover.
Gordon Fink
Member
Let’s put this to the test …
Polish P-64 pistol for $139.95 (standard price) at AIM Surplus. http://www.aimsurplus.com/acatalog/Polish_P_64_9x18_Pistol.html
Polish P-64 pistol for $139.95 (cash-discount price) at SOG. http://www.southernohiogun.com/surplushandguns.html
Who do you think will make more sales?
~G. Fink
Polish P-64 pistol for $139.95 (standard price) at AIM Surplus. http://www.aimsurplus.com/acatalog/Polish_P_64_9x18_Pistol.html
Polish P-64 pistol for $139.95 (cash-discount price) at SOG. http://www.southernohiogun.com/surplushandguns.html
Who do you think will make more sales?
~G. Fink
Beren
Moderator Emeritus
Just curious: if you can only hope to break even on Discover sales, at best, why accept Discover for payment?
Doesn't taking another form of payment increased the volume of business appreciably enough to justify a lower net profit on each transaction?
I understand small businesses sometimes can't be hassled to take plastic, but I'd sure try to if it was me.
I understand small businesses sometimes can't be hassled to take plastic, but I'd sure try to if it was me.
Sir Aardvark
Member
Credit Card fees are factored into every purchase; we all pay a little bit more money to cover this convenience.
I think you're being a little bit mean to this guy because he's being honest with you.
He gave you a choice: pay the cash price, or pay the 3% more credit card price.
Would you feel better if he just quoted you the 3% higher price as the actual price and did not give you an option? At least you were able to have a choice in this.
I do realize that accepting credit cards generally gives a rise in sales volume due to the convenience factor, but it still costs money to do this, and you can be certain that the cost of doing business is going to be passed on to the customer - at least this guy was trying to be fair and save you a little bit of money.
You could always request that he ship the product COD - lots of places do this - but then you have the hassle of going out and getting a money order and paying COD fees and money order fees. So....by the time you add up your fees to be paid and the time it takes to get the money order and all that, you might as well just suck up the 3% credit card fee and be happy with it.
I think you're being a little bit mean to this guy because he's being honest with you.
He gave you a choice: pay the cash price, or pay the 3% more credit card price.
Would you feel better if he just quoted you the 3% higher price as the actual price and did not give you an option? At least you were able to have a choice in this.
I do realize that accepting credit cards generally gives a rise in sales volume due to the convenience factor, but it still costs money to do this, and you can be certain that the cost of doing business is going to be passed on to the customer - at least this guy was trying to be fair and save you a little bit of money.
You could always request that he ship the product COD - lots of places do this - but then you have the hassle of going out and getting a money order and paying COD fees and money order fees. So....by the time you add up your fees to be paid and the time it takes to get the money order and all that, you might as well just suck up the 3% credit card fee and be happy with it.
mrtgbnkr
Member
If you are using your DEBIT card and entering your PIN at the time the card is swiped, then no, your shop is not being charged a percentage of the purchase price. They are charged a flat fee for accessing the network, but it's usually less than $1/transaction...this is the reason that some stores have programed their PIN pad machines to automatically ask you for your PIN number, even if you tell the cashier you want to use the credit network. Wal-Mart is a prime example. Make a purchase, swipe your card, and you have to hit 'cancel' to select 'credit'...the impulse to enter your PIN is what they are counting on to save them some $$. The drawback from the customer side is that many banks charge you a fee to make a purchase using your PIN.jason10mm said:
Erinyes
Member
The shop in TN that my girlfriend and I picked out to get her first gun actually has three seperate prices on the tag. One for cash/check, one for credit card, and one for layaway. As opposed to my local GA dealer that upcharges for credit cards. Never really bothered me, though. The owner explained why they had to do that and I still frequent that store.
hwp
Member
I have the feeling people that get bent out of shape about the 3% upcharge/discount (or whatever you want to call it) do a whole lot of living on credit.
I run credit on about 15 people everyday and the same trends show up over and over.
I run credit on about 15 people everyday and the same trends show up over and over.
Turtle Club
member
waterhouse said:
Beren
Moderator Emeritus
Wow. What was the basis of the case - how were you harmed? (Not contesting whether you were or not; again, I'm curious.)
rbernie
Contributing Member
My FLG gives me a break on the price of something, and I give 'em a break by paying cash or using debit when I can. Sounds reasonable to me - dunno why everything has to be so confrontational to some people...
I *want* my FLG to be in business five years from now. Failing to understand the interdependant relationship dynamics between buyers and consumers is how so many communities are getting stuck with WallyWorld as their only option...
I *want* my FLG to be in business five years from now. Failing to understand the interdependant relationship dynamics between buyers and consumers is how so many communities are getting stuck with WallyWorld as their only option...
Gordon Fink
Member
Oh, the irony!
~G. Fink
~G. Fink
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