Paying cash online can be a hassle, but if I want it bad enough, I don't quibble about it.
I was actually thinking you meant a brick and mortar place, like a mom and pop store.
But yes.
Paying cash online can be a hassle, but if I want it bad enough, I don't quibble about it.
There was a time not too long ago you could avoid paying that or getting it refunded by bitching to the card company because that wasnt supposed to be specifically passed on to the consumer. They wanted them to either stealth charge everyone as part of overhead and shut up about it or charge no one, which in reality is the same thing. They thought it would keep people from using credit cards and the fee was under 2 percent. Now some people go months without even touching cash and they dont care what's passed on as it wont make a difference.As stated previously the CC surcharge is built into the price at most places. They know that most people now days pay with a CC. So it is just part of the price that the merchant charges. If you pay cash the merchant just made an extra 3%.
Take last night. I bought a Seekins handguard through Gunbroker. The regular price is around $200, but a place on there was selling it for $137 + 3% CC charge. I could send them a check and wait for it to clear, and in a couple weeks it would be sent to me. I decided to pay with my CC and spend the extra $3.50, rather than go through the hassle. I certainly saved more than if I bought through a place that didn't charge the fee anyway.I was actually thinking you meant a brick and mortar place, like a mom and pop store.
But yes.
Here's an example ; Capitalone Visa SavorOne
Some require for 5-6% back, as much as $3000/mo, have no annual fee, for dining and entertainment, rewards $240/yr or they will give an additional 1-2% if you increase to $1000/mo then you get grocery added, and rewards go to $480/yr
- Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 15.74% - 25.74% variable APR after that
- 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fee
- No annual fee
- It requires you to buy a certain amount/mo and I have raised all prices to cover the rewards. (for everyone cash or CC)
There is just not going to be someone give you money for nothing. Think about the borrowing $1 and needing $1.10 to pay it back. The next time you have to borrow $1.10 to pay the first $1 back and then $1.20 to pay the $1.10 …………….
Take last night. I bought a Seekins handguard through Gunbroker. The regular price is around $200, but a place on there was selling it for $137 + 3% CC charge. I could send them a check and wait for it to clear, and in a couple weeks it would be sent to me. I decided to pay with my CC and spend the extra $3.50, rather than go through the hassle. I certainly saved more than if I bought through a place that didn't charge the fee anyway.
This shows the real cost of credit with a 10oz. gold bar;
Quantity--Check / Wire------Bitcoin-------Credit / PayPal
1+ -----------$14,932.40-------$15,086.52-----$15,561.56
This shows the real cost of credit with a 10oz. gold bar;
Quantity--Check / Wire------Bitcoin-------Credit / PayPal
1+ -----------$14,932.40-------$15,086.52-----$15,561.56
Gives you enough spread to see the problem.I wasn't exactly buying gold.
So you use your CC to send 14,932.40 to your paypal account download the cash to your bank send your check to the seller and get the cash price + the creditcard kickback
Gives you enough spread to see the problem.
Sorry Amanda Deeann, for crashing your board, I'm out of here.
Does that fit in your cash back category?So you use your CC to send 14,932.40 to your paypal account download the cash to your bank send your check to the seller and get the cash price + the creditcard kickback
Yea, didnt do the math but the concept was funny as hell.If that's not different from getting cash out of the card, the interest would be terrible.
I have no idea if your plan would work.
My example was that I paid the small price in time and hassle, the lowest I could have gotten that part without the charge was about $10 more.Gives you enough spread to see the problem.
Sorry Amanda Deeann, for crashing your board, I'm out of here.
Does that fit in your cash back category?
I also keep the required amount of money in my bank account.