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Cash discount for not using CC?

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Old June 29th, 2003, 07:18 PM   Digg it!   #1 (permalink)
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Cash discount for not using CC?

IS this because they are just sending the savings back to you, like how a merchant has to pay 2% to visa for using it?

Or is this also something to help them prevent credit card reversals?
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Old June 29th, 2003, 07:24 PM     #2 (permalink)
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you posted this in the wrong forum

but its because the cc companys charge the vendor a % of the sale when u use a cc . so they are trying to recoup it .
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Old June 29th, 2003, 11:54 PM     #3 (permalink)
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There are three reasons we offer a cash discount

The main reason is that when you use a credit card we get charged 2-3 percent. It's extra fee that we have to figure into the cost of the laptop.

The second reason is that due to the high value of the laptops we sell, we have to be more careful because we are the targets of fraud. We get at least 2 fraudulent orders a day.

The third is to stay competitive with other vendors we have to offer the cash discount .

Keith

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Last edited by Techpusher : June 30th, 2003 at 10:13 AM.
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Old June 30th, 2003, 12:38 AM     #4 (permalink)
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Jeez two fraudulent orders a day, thats bad. A few times with safetrades.com id see a cc get denied like 3 times in a row from some scammer...
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