New govt allowed swipe fee

Discussion in 'Business Operations' started by grassmasterswilson, Jan 31, 2013.

  1. grassmasterswilson

    grassmasterswilson LawnSite Platinum Member
    from nc
    Posts: 4,520

    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?
     
  2. Oxmow

    Oxmow LawnSite Senior Member
    Posts: 382

    SShhhhh...I already do...its in their price already!
     
  3. Andrew & Ben's Lawn Care

    Andrew & Ben's Lawn Care LawnSite Member
    Posts: 141

    "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?
     
  4. grandview (2006)

    grandview (2006) LawnSite Gold Member
    Posts: 3,466

  5. tonygreek

    tonygreek LawnSite Gold Member
    Posts: 3,405

    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/checkout-fee/index.html
     
  6. turf hokie

    turf hokie LawnSite Silver Member
    Posts: 2,744

    That's because NY doesn't know how to do ANYTHING that might remotely help the small business.
     
  7. jsslawncare

    jsslawncare LawnSite Bronze Member
    Posts: 1,674

    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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