Mark & Linda on fri 21 jan 05
Ann said
Hi all,
I was wondering if it is common for a shop/gallery to make payments
for wholesale orders by Visa.
I would add the cost of the card processing to the order. Add all
your yearly card costs ( this is all the costs) and figure the % most
are 3-5% then add thist to the order unless they pay by some other
means. Just explain the credit card sales cost this % more to take.
Since it already is wholesale this should be no problem. Good luck.
Mark Cortright
http://www.liscomhillpottery.com/
John Bandurchin on fri 21 jan 05
Ann
I wouldn't normally accept a credit card payment for a wholesale order -
same logic as you stated. Credit cards are for retail customers. If a shop
wants to use it, I'd have to say that I'd only do it if the shop were to
absorb my credit card discount - add 2 to 3 percent or whatever your
discount rate is to the invoice amount.
John Bandurchin
Baltimore Ontario
Damn cold here tonight
----- Original Message -----
From: "annsemple"
To:
Sent: Friday, January 21, 2005 9:33 PM
Subject: wholesale payment
Hi all,
I was wondering if it is common for a shop/gallery to make payments for
wholesale orders by Visa.
I am in the process of negotiating an agreement and this is the method of
payment proposed. I do accept credit cards, but with wholesale, the profit
margin is already small and I was curious to know what 'Clayarters' thought.
Thanks
Ann Semple
Vancouver Island, BC, Canada
annsemple@shaw.ca
www.clayfootcrockery.com
"Life should NOT be a journey to the grave with the intention of arriving
safely in an attractive and well preserved body, but rather to skid in
sideways, champagne in one hand - strawberries in the other, body thoroughly
used up, totally worn out and screaming WOO HOO - What a Ride!"
____________________________________________________________________________
__
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You may look at the archives for the list or change your subscription
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annsemple on fri 21 jan 05
Hi all,=20
I was wondering if it is common for a shop/gallery to make payments for =
wholesale orders by Visa.=20
I am in the process of negotiating an agreement and this is the method =
of payment proposed. I do accept credit cards, but with wholesale, the =
profit margin is already small and I was curious to know what =
'Clayarters' thought.
Thanks
Ann Semple
Vancouver Island, BC, Canada
annsemple@shaw.ca
www.clayfootcrockery.com
"Life should NOT be a journey to the grave with the intention of =
arriving safely in an attractive and well preserved body, but rather to =
skid in sideways, champagne in one hand - strawberries in the other, =
body thoroughly used up, totally worn out and screaming WOO HOO - What a =
Ride!"
wjskw@BELLSOUTH.NET on sat 22 jan 05
Mark:
I had to respond to your reply to Ann.
In some states, Florida being one it is illegal to charge more for
accepting credit cards as payment. This may be a national law,
since banking is generally legislated nationwide. In Florida,
stores have been prosecuted under the "price gouging" statutes for
just this type of thing.
It may also violate your agreement with the Merchant bank (your
credit card processor) and generally makes one look greedy.
Instead, raise your prices 11% across the board, (covers the higher
Amex fees also) and if you like, give a "discount" for cash/check
sales. This is legal, since "everyone" is being charged the same
amount (theoretically.)
If you have any doubts, read your agreement with your merchant bank.
It's all spelled out quite plainly.
Check also with your local bank, or state department of revenue. As
I said, it may vary from state to state.
Best Regards,
Wayne Seidl
-----Original Message-----
From: Clayart [mailto:CLAYART@LSV.CERAMICS.ORG] On Behalf Of Mark &
Linda
Sent: Friday, January 21, 2005 11:22 PM
To: CLAYART@LSV.CERAMICS.ORG
Subject: wholesale payment
Ann said
Hi all,
I was wondering if it is common for a shop/gallery to make payments
for wholesale orders by Visa.
I would add the cost of the card processing to the order. Add all
your yearly card costs ( this is all the costs) and figure the %
most
are 3-5% then add thist to the order unless they pay by some other
means. Just explain the credit card sales cost this % more to take.
Since it already is wholesale this should be no problem. Good luck.
Mark Cortright
http://www.liscomhillpottery.com/
____________________________________________________________________
__________
Send postings to clayart@lsv.ceramics.org
You may look at the archives for the list or change your
subscription
settings from http://www.ceramics.org/clayart/
Moderator of the list is Mel Jacobson who may be reached at
melpots@pclink.com.
John Rodgers on sat 22 jan 05
Ann,
I would be very leery of accepting a credit card for payment of
wholesale purchases.
Is the card in the name of the business or the personal name of the shop
owner?? It is important because of the various kinds of recourse a
personal card holder has in regards to purchases, period!! This could
cause you a lot of grief if a dispute arises, and you would be at a
disadvantage if the payment was made with a personal credit card. A
business credit card is another matter.
In my shop in Alaska, for all those years, I had one bounced personal
check for $10, and "Zero" credit card claims or rejections of product in
all my retail transactions.
But then I never took a credit card for wholesale purchases. It was
never offered. It was like the business world knew that the protocol for
business to business transactions was to pay by check. In fact, it was
considered bad form to even attempt to pay by credit card on a business
to business transaction.
I would definitely be cautious of this.
My thoughts.
Regards,
John Rodgers
Chelsea, AL
annsemple wrote:
>Hi all,
>I was wondering if it is common for a shop/gallery to make payments for wholesale orders by Visa.
>I am in the process of negotiating an agreement and this is the method of payment proposed. I do accept credit cards, but with wholesale, the profit margin is already small and I was curious to know what 'Clayarters' thought.
>Thanks
>
>Ann Semple
>Vancouver Island, BC, Canada
>annsemple@shaw.ca
>www.clayfootcrockery.com
>
> "Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, champagne in one hand - strawberries in the other, body thoroughly used up, totally worn out and screaming WOO HOO - What a Ride!"
>
>______________________________________________________________________________
>Send postings to clayart@lsv.ceramics.org
>
>You may look at the archives for the list or change your subscription
>settings from http://www.ceramics.org/clayart/
>
>Moderator of the list is Mel Jacobson who may be reached at melpots@pclink.com.
>
>
>
>
annsemple on sat 22 jan 05
Thanks Mark
That was my first thought - it seems reasonable. Although I hadn't
considered adding all the costs. I was just thinking to add the cost of them
paying by credit card. Thanks
Ann Semple
Vancouver Island, BC, Canada
annsemple@shaw.ca
www.clayfootcrockery.com
"Life should NOT be a journey to the grave with the intention of arriving
safely in an attractive and well preserved body, but rather to skid in
sideways, champagne in one hand - strawberries in the other, body thoroughly
used up, totally worn out and screaming WOO HOO - What a Ride!"
----- Original Message -----
From: "Mark & Linda"
To:
Sent: Friday, January 21, 2005 8:21 PM
Subject: wholesale payment
> Ann said
>
> Hi all,
> I was wondering if it is common for a shop/gallery to make payments
> for wholesale orders by Visa.
>
> I would add the cost of the card processing to the order. Add all
> your yearly card costs ( this is all the costs) and figure the % most
> are 3-5% then add thist to the order unless they pay by some other
> means. Just explain the credit card sales cost this % more to take.
> Since it already is wholesale this should be no problem. Good luck.
> Mark Cortright
> http://www.liscomhillpottery.com/
>
> ______________________________________________________________________________
> Send postings to clayart@lsv.ceramics.org
>
> You may look at the archives for the list or change your subscription
> settings from http://www.ceramics.org/clayart/
>
> Moderator of the list is Mel Jacobson who may be reached at
> melpots@pclink.com.
>
Rob on sun 23 jan 05
Um, Mark? The practice you describe would be...what's the word, oh, yeah,
ILLEGAL. And if your credit card proccessor catches you at it, they'll drop
you like a hot potato.
Rob Van Rens
----- Original Message -----
From: "Mark & Linda"
To:
Sent: Friday, January 21, 2005 11:21 PM
Subject: wholesale payment
> Ann said
>
> Hi all,
> I was wondering if it is common for a shop/gallery to make payments
> for wholesale orders by Visa.
>
> I would add the cost of the card processing to the order. Add all
> your yearly card costs ( this is all the costs) and figure the % most
> are 3-5% then add thist to the order unless they pay by some other
> means. Just explain the credit card sales cost this % more to take.
> Since it already is wholesale this should be no problem. Good luck.
> Mark Cortright
> http://www.liscomhillpottery.com/
>
> ______________________________________________________________________________
> Send postings to clayart@lsv.ceramics.org
>
> You may look at the archives for the list or change your subscription
> settings from http://www.ceramics.org/clayart/
>
> Moderator of the list is Mel Jacobson who may be reached at
> melpots@pclink.com.
>
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