New Credit Card Laws

lumberjim · 12-20-2013, 10:00 AM

Interesting. We have a $4000 ceiling in place for credit card purchases on cars because people could, and would put $25000 on their black card to buy a car, and we would have to pay 4% to the card company, and wait up to 45 days to actually get paid. I'm not allowed to charge more for the car because they use a card. If it came to pass that we were allowed to bump the price for credit card payment, we might be doing more of those type of deals. I still think it's a bad idea. Too risky considering the possibility of disputed charges if the car breaks down within that first 30 days.

12-20-2013, 10:00 AM	#8
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	Interesting. We have a $4000 ceiling in place for credit card purchases on cars because people could, and would put $25000 on their black card to buy a car, and we would have to pay 4% to the card company, and wait up to 45 days to actually get paid. I'm not allowed to charge more for the car because they use a card. If it came to pass that we were allowed to bump the price for credit card payment, we might be doing more of those type of deals. I still think it's a bad idea. Too risky considering the possibility of disputed charges if the car breaks down within that first 30 days. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)