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  #1  
Old 12-14-2011, 08:40 PM
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stickleylawncare stickleylawncare is offline
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Credit Card Fee

Recently switched over to Quickbooks and fully planning to switch over for next year. Several customers are open to both online CC payments and the email invoicing. For those that do either, do you bite the cost as "the cost of doing business' or do you add some sort of small fee?

Im tempted to add a small fee, that would negate some of the cost, but I know I hate when I try to pay bills online and there is a "convenience fee".
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Old 12-15-2011, 08:54 AM
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JDT Property Care JDT Property Care is offline
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Why not just build that into your pricing and not show a fee? Just increase your prices 3% to make up for the % you'll be paying to accept a credit card...

I don't charge any additional fees to accept a credit card, after all, I am getting my money that much quicker.
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Old 12-15-2011, 10:46 AM
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GMLC GMLC is offline
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I just started adding it into my estimates. I don't charge the whole amount of the transaction because I am saving on stamps, envelopes and my time. But I do charge them and they don't see it as a fee.
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Old 12-15-2011, 11:20 AM
Roger Roger is offline
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I believe there are legal issues on "charging a fee." Before implementing a line item, you should check with your accountant, or attorney on this matter.
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  #5  
Old 12-15-2011, 12:26 PM
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GreenI.A. GreenI.A. is offline
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here in MA we can not add a fee for credit card use, but ironically we can do the oposite and give a cash discount. Just about every gas station has one price and right beside it the cash price. If you are paying 3% on processing then simply raise all pricing 3%, if only half your sales are paying by credit card then raise your pricing 1.5% across the board to cover your fees.
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  #6  
Old 12-15-2011, 01:58 PM
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willretire@40 willretire@40 is offline
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Do you have a loan or credit card with more than 3% Apr? If yes then why are you worried about losing 3% on cc fees?
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  #7  
Old 12-15-2011, 02:08 PM
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ringahding ringahding is offline
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Quote:
Originally Posted by stickleylawncare View Post
Recently switched over to Quickbooks and fully planning to switch over for next year. Several customers are open to both online CC payments and the email invoicing. For those that do either, do you bite the cost as "the cost of doing business' or do you add some sort of small fee?

Im tempted to add a small fee, that would negate some of the cost, but I know I hate when I try to pay bills online and there is a "convenience fee".

We just recently had to raise rates this past year. A lawn mowing that was $30 per cut, is now $32 per cut..we don't do credit cards, but if I were to add that feature, the per cut would look something like this $34.50
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  #8  
Old 12-16-2011, 12:01 AM
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Ticolawnllc Ticolawnllc is offline
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Quote:
Originally Posted by JDT Property Care View Post
Why not just build that into your pricing and not show a fee? Just increase your prices 3% to make up for the % you'll be paying to accept a credit card...

I don't charge any additional fees to accept a credit card, after all, I am getting my money that much quicker.
You know who is likly to use and put some fat on them. Or jus up prices on every one. In 5 year almost every on is going to pay with bank check or bank card. Thats good, card payment can be taken over phone.

The less you tell them about your pricing the better off you will be.
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  #9  
Old 12-16-2011, 12:33 AM
newz7151 newz7151 is offline
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Quote:
Originally Posted by GreenIndustryAssociates View Post
here in MA we can not add a fee for credit card use,
Heh.. who says you can't? Google Durbin Amendment from the merchant standpoint.
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  #10  
Old 12-16-2011, 06:38 AM
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Ticolawnllc Ticolawnllc is offline
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I think adding a price hike for the "service" is the way to go. Taking credit cards will make us look more like pros. You could keep it on file and run it at a phone call.

Hi Mr. X; I wanted to know if it was ok to run your card xyz for this months service? Ok, sure thank you.

or we can still do

Hi Mr. X I was call to talk about your balance. We havn't seen pay ment for last months bill.
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