Thread: WARNING CONVENIENCE FEES!!!!

Yep, back when I accepted credit cards for my business. Visa and Mastercard both charged me 3% of the total as a service fee. When you are running a small profit line, the service charge will wipe it out. I had to charge a 3% fee for credit card charges to cover their fee.

Originally Posted by Speck

Yep, back when I accepted credit cards for my business. Visa and Mastercard both charged me 3% of the total as a service fee. When you are running a small profit line, the service charge will wipe it out. I had to charge a 3% fee for credit card charges to cover their fee.

Well one way or another it's a rip off....I'm sure credit card companies are making plenty without passing the buck to responsible card holders so charging 3% per transaction ain't right. I just want others to not be surprised when paying DOR sales tax.