Quote:
Originally Posted by JaneM.
Pity, but understandable. however, depending on the credit card fees, it still might be worth it. If the customer pays the fees Escape is charged (again depending on what they are) and has a 1.5% cash back credit card with no foreign transaction fees, it might be cost effective. One would have to check the numbers.
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Let me help with the numbers. The kind of card that would give cash-back or other perks to the purchaser would have fees in the 2 to 3% range for the merchant, and some new premium cards are being proposed that will be even higher.
Secondly, the Merchant Agreement forbids a merchant to charge a customer more when paying by credit card than by any other form of payment (I'd love to give my customers a 2% discount for cash/debit cards, but alas, I cannot).
Thirdly, in my experience, credit cards tend to not give very favourable exchange rates.
You're free to ask but I think there are better ways to pay.