Ask HN: Is anyone charging extra their customers for credit card payments?

1 pointsposted 10 hours ago
by thomasjeff1

Item id: 49811089

4 Comments

Gaishan

10 hours ago

Starting from October, credit card surcharges are banned in Australia.

https://www.rba.gov.au/payments-and-infrastructure/review-of...

Would the business apply the proposed 2% APR on the time it takes any refunds to arrive in the spirit of being fair?

toomuchtodo

10 hours ago

They are legal in most of the US and usually limited to cost recovery for the merchant fee (3-4%).

If a business can support pay by bank via instant payments, that is a cheaper, almost instant option. With that said, Stripe is the least amount of friction for accepting payments online until the merchant fees become painful at scale.

dlcarrier

8 hours ago

Must businesses I deal with charge 3%. I don't know of any which have a charge less than 3%, except gas stations which usually charge ten cents per gallon, which used to be more than 3%, but now is much less than 3%.

hypercube67

6 hours ago

This question is very practical. Credit card fees are a burden for small businesses, but passing costs to customers may affect sales.