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  #1  
Old 01-31-2013, 02:46 PM
grassmasterswilson grassmasterswilson is offline
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New govt allowed swipe fee

Apparently the govt is now allowing a swipe fee to be applied in order to overcome the charge from the credit card companies.

So what are you going to do? Eat the fee? Pass onto customers?

Maybe a fee for any transaction under a certain amount?
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  #2  
Old 01-31-2013, 08:10 PM
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Oxmow Oxmow is offline
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SShhhhh...I already do...its in their price already!
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  #3  
Old 01-31-2013, 08:43 PM
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Andrew & Ben's Lawn Care Andrew & Ben's Lawn Care is offline
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"Apparently the govt is now allowing a swipe fee to be applied"...

What is this? The credit card company is charging 3.5%; is there another fee somewhere?
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Old 01-31-2013, 09:03 PM
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grandview (2006) grandview (2006) is offline
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No pass along in NY
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Old 01-31-2013, 09:43 PM
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tonygreek tonygreek is offline
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Quote:
Originally Posted by Andrew & Ben's Lawn Care View Post
"Apparently the govt is now allowing a swipe fee to be applied"...

What is this? The credit card company is charging 3.5%; is there another fee somewhere?
It's not the government allowing it, but it is part of the class action settlement resulting from the suit against the credit companies. Depending on state, you can now recoup swipe fees if you choose to. I've posted the links on here before, but if you hit Visa and MC's websites, you can read the details and requirements.

http://money.cnn.com/2013/01/27/pf/c...fee/index.html
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Old 02-01-2013, 06:36 AM
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turf hokie turf hokie is offline
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Quote:
Originally Posted by grandview (2006) View Post
No pass along in NY
That's because NY doesn't know how to do ANYTHING that might remotely help the small business.
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Old 02-01-2013, 07:31 AM
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jsslawncare jsslawncare is offline
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If you done business by the "rules", how long would you be in business? I've always charged for this fee.
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