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A.I. Are you Excited?
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<blockquote data-quote="Obi-Wan" data-source="post: 479529" data-attributes="member: 709"><p>that is because they don't want to have to pay a percentage to the card companies. I know when we looked at it years back it was 3 to 5 % of the invoice amount, the higher the volume the lower the % rate. $ 500,000 in sales in a year could be $ 15,000 to $ 25,000 off the top. Not sure if it still applies but at that time we were not allowed to charge additional to someone using the card or give a discount for someone using cash.</p></blockquote><p></p>
[QUOTE="Obi-Wan, post: 479529, member: 709"] that is because they don't want to have to pay a percentage to the card companies. I know when we looked at it years back it was 3 to 5 % of the invoice amount, the higher the volume the lower the % rate. $ 500,000 in sales in a year could be $ 15,000 to $ 25,000 off the top. Not sure if it still applies but at that time we were not allowed to charge additional to someone using the card or give a discount for someone using cash. [/QUOTE]
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