As a business owner, its always been a point of contetnion. Goverment Agencies and larger corporationa find it easier to track what their employees spend by issuing them a credit card.
In my line of work, as a manufaturer, we operate with close to a 30% profit margin. I love giving a little discount to our repeate customers but not being able to tack on the additonal cost of the credit card transaction to that specific customer makes it total unfair to the rest of my customers and makes it that much more difficult for me to do business.
If the banks are charging 1.5% to 3% plus an additional $0.30+ per transaction, I sat we pass that convienience cost onto the customer in a clearly labled package..
"Dear Customer, this 3% Swipe Charge is brought to you by _____insert bank name here_____"
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As a business owner, its always been a point of contetnion. Goverment Agencies and larger corporationa find it easier to track what their employees spend by issuing them a credit card. In my line of work, as a manufaturer, we operate with close to a 30% profit margin. I love giving a little discount to our repeate customers but not being able to tack on the additonal cost of the credit card transaction to that specific customer makes it total unfair to the rest of my customers and makes it that much more difficult for me to do business. If the banks are charging 1.5% to 3% plus an additional $0.30+ per transaction, I sat we pass that convienience cost onto the customer in a clearly labled package.. "Dear Customer, this 3% Swipe Charge is brought to you by _____insert bank name here_____"