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Can I charge my customers a fee for using a credit card to pay on their account?
Wiki User
∙ 12y ago
Yes, you can do that by adding the fee in your selling price. Therefore your cost is covered every time you make a sale whether paid by cash or credit card.
Wiki User
∙ 12y ago
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What is a Merchants account Credit card?
A merchants account credit card is a special type of credit card that is issued from a merchant acquiring bank. These credit cards allow a vendor or business to accept payments from customers using a credit card.
Can you charge the credit card fees to your customers?
Sure, as long as the fees apply to all customers, not just those using credit cards. In other words, you may raise your marked prices to cover your credit card costs, but you cannot change the price according to how the customer offers to pay.
How does the accounting for sales to customers using bank credit cards such as Master Card and Visa differ from accounting for cash sales to customers?
The Credit Card companies charge a "fee" for each charge sale at the merchant. The fees are either a flat fee or a percentage of the sale total. The fees change from bank to bank and there is no real "standard" to list here, at least that we know of.
Is Buying or selling using an account a credit transaction true or false?
True
What is the advantage of using a checking account?
One advantage of using a checking account is that you can pay only with money you actually have in your account, which can help you avoid overspending and getting into credit card debt.
Is it legal to charge customers a processing fee for using credit card in a restaurant?
Yes .
What is a Merchants account Credit card?
A merchants account credit card is a special type of credit card that is issued from a merchant acquiring bank. These credit cards allow a vendor or business to accept payments from customers using a credit card.
What is an American express card a charge card or credit card?
Credit Cards are a type of charge card. American Express is a charge card brand that offers both credit and debit cards. It depends on the account type of the person using it.
Can merchants charge a fee for using a credit card in the UK?
You are not usually charged a fee for using your credit card. HOWEVER - the fees charged to the retailer by the credit card company, will covertly be passed on to all customers by charging more for their products !
Can you charge the credit card fees to your customers?
Sure, as long as the fees apply to all customers, not just those using credit cards. In other words, you may raise your marked prices to cover your credit card costs, but you cannot change the price according to how the customer offers to pay.
Does Ebay charge for using their site?
No, it's totally free. It will take a credit card or a Pay-Pal account to purchase items, though.
Electric utility companies charge customers for?
Using electricity.
How does the accounting for sales to customers using bank credit cards such as Master Card and Visa differ from accounting for cash sales to customers?
The Credit Card companies charge a "fee" for each charge sale at the merchant. The fees are either a flat fee or a percentage of the sale total. The fees change from bank to bank and there is no real "standard" to list here, at least that we know of.
What is credit balance?
This happens when someone pays too much money on their credit card statement. You have money "on credit" in addition to your credit limit. These amounts can be refunded but will usually remain in the account until you charge using the card again, then those funds will be applied towards your purchases on credit.
Is there any charge for using a credit card to pay through PayPal on eBay?
No, there is no charge.
Can make a PayPal account without using credit or debit cards but using saving bank account?
Yes you can.
Can a dental office charge a fee for using a credit card?
no
