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credit card fees - Page 2

post #16 of 35

It might be the way of the world but I personally don't appreciate being charged extra to the stated price for something that is a business expense, and I would think twice about shopping somewhere that told me there'd be an additional 4% charge for using a card. If you put prices up and cited rising expenses, I wouldn't flinch. Now that's the way of the world! 

elsewhere.
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elsewhere.
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post #17 of 35
Well, they can always avoid it by paying with a check or cash. My credit card fees for Square were $210 last year, and PayPal was another $110. If I had that right now, I could've paid my electric bill with it. And, I am not allowed to charge extra for tax, but I pay it! I have 10% of every dollar taken in just those 2 fees.
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post #18 of 35
Quote:
Originally Posted by kikiandkyle View Post

It might be the way of the world but I personally don't appreciate being charged extra to the stated price for something that is a business expense, and I would think twice about shopping somewhere that told me there'd be an additional 4% charge for using a card. If you put prices up and cited rising expenses, I wouldn't flinch. Now that's the way of the world! 
Agreed. Charge everyone as if they were paying by credit card (including the fees), that way credit card users don't feel like they're paying more and you make additional profit on cash and check payments.
post #19 of 35
Quote:
Originally Posted by jason_kraft View Post

Agreed. Charge everyone as if they were paying by credit card (including the fees), that way credit card users don't feel like they're paying more and you make additional profit on cash and check payments.

Yup. What he said.
post #20 of 35
Quote:
Originally Posted by Annabakescakes View Post

... And, I am not allowed to charge extra for tax, but I pay it!....

 

what do you mean?

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one baker's 'never ever do' is the next baker's 'i swear by this'
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post #21 of 35
I mean, when I add up the cake, cupcakes, delivery, I cannot charge tax. But 4 times a year, I add up all my sales and pay tax on it.
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post #22 of 35
Quote:
Originally Posted by Annabakescakes View Post

I mean, when I add up the cake, cupcakes, delivery, I cannot charge tax. But 4 times a year, I add up all my sales and pay tax on it.
Of course you can charge tax, there's absolutely no reason for you to be paying sales tax out of pocket.

If there is some weird rule in your area that prohibits itemizing sales tax separately, just increase all your prices by the amount of the sales tax.
post #23 of 35
The ugly, fat greasy IRS guy told me, and so did the rude little snot when I called.

Leah_S, do you charge additionally for tax? (We're both in Ky)

And even if I raise my prices 6%, without it being labeled as such, it will still feel like it is coming out of my pocket. icon_wink.gif
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post #24 of 35
Could you be referring to income tax? The IRS has nothing to do with sales tax, it is managed by your state's dept of revenue.
post #25 of 35

  I understand the fee rule change but don't you think most businesses were figuring their credit card fees into their costs already, that it would be a part of their cost of doing business?  So why would the charge go up immediately for this new law change?  It seems to me that the prices would remain the same but they could allow a discount for cash payers.  I would love to see all businesses give a discount for cash.

post #26 of 35
You know? You MAY be right icon_redface.gif either way, taxes suck! I don't mind paying for roads and bridges and police, and people who need a hand up, but the utter nonsense we pay for is gobsmacking!
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post #27 of 35
Thread Starter 
Anna, KY exempts WHOLE cakes from sales tax. You have to pay ( and if course I add it to the customers invoice) for cookies, candy and cupcakes. The rule is literally, if you provide a fork with a whole cake you have to tax it. No fork, no tax on a whole cake.

Stop laughing.

It's in the sales tax rules. Srsly.
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post #28 of 35

Tax rules are silly for sure.  Here you pay 13% (!!!)  sales tax on a muffin or two...but if you put six of them in a bag, no sales tax.  The convenience store closest to campus (24 hour noshing) has this sign up.

post #29 of 35

Here in California, if the food is taken away/not eaten on site, you don't have to charge sales tax. Unless the law has changed...

post #30 of 35
Quote:
Originally Posted by leah_s View Post

Anna, KY exempts WHOLE cakes from sales tax. You have to pay ( and if course I add it to the customers invoice) for cookies, candy and cupcakes. The rule is literally, if you provide a fork with a whole cake you have to tax it. No fork, no tax on a whole cake.

That's a pretty common rule, the intent is to make sure prepared food (stuff that can be eaten on-site) is taxed. If you'd prefer a simpler sales tax code I'm sure the state would be happy to eliminate the exemption for baked goods sold without utensils. icon_wink.gif
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