(Topic ID: 325538)

Credit card sales with 3%???

By J-drum11

1 year ago


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    #12 1 year ago
    Quoted from transprtr4u:

    I could claim some of these charge to business % in my corporate taxes as a cost of doing business. So never passed that portion to customers

    That still results in you eating a net portion of the processing fee (unless your tax rate is 100%!), so you’re being generous to your customers.

    As a piano tuner, for 20 years I’ve never accepted credit cards because of processing fees. It’s cash or check payment only with me.

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