Originally Posted by WTM45
Originally Posted by mirage243
I see there aren't many business owners here, even though everyone thinks they're so smart. Amex makes their money from the businesses that accept them. Ask me how I know. I finally started adding 3.5% to any bill paid with a C/C. Don't like it? Write me a check or hand me cash. My C/C fees used to run me 3-4k a month, now they are zero.


You are just now becoming aware of credit card processing charges and their impact on your accounting?

That knowledge should have been acquired well before you established any inventory retail pricing.

Weigh out the impact of not accepting credit cards on your sales. Things get interesting.


I been in business almost 30 years and have accepted almost zero new customers in over 5. I wish I'd have gotten up with you on how things were done before I started.