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#1
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Rob, you are right, of course, but it is still a bummer when the point of sale is Texas and I live in Florida. It puts me at a competitive disadvantage in Heritage auctions compared to somebody, say, in South Dakota, particularly if I wish to use my Visa cards for payment and he/she pays by check. Still if you have to get the card then none of that really matters.
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#2
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How so? South Dakota charges sales/use tax, about the same % as Florida. Just because Heritage does not collect it on behalf of the state does not mean that it does not have to be paid.
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#3
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Well, because Heritage has an office in Florida, which I guess gives a Texas company the right to charge Fl sales tax. I doubt they have an office in South Dakota. I don't understand it but I guess that is the law. And yes it is a real office here in Palm Beach. I have been down there and kicked the tires. It is not a PO box.
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#4
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#5
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I just looked at Heritage's Terms & Conditions and their general FAQ on their site and there is no mention of taking credit cards at all. I've only won one lot from Heritage and it was July 2017. At that time, the info I saw clearly stated they accepted credit cards up to $5,000 and there was no addition to the 20% buyer's premium. I am not sure what they are doing now as the T&C don't mention it.
In reply to those who commented that it wouldn't be prudent to "eat" the 3% credit card fees, I would submit two thoughts: - Large companies with high volumes can negotiate lower fees with CC vendors/banks. - That argument is not considering the fact that the use of credit cards often increases purchases both in volume and amount. While it is impossible to know how taking credit cards would directly affect this type of business, it is entirely possible they would make additional $$ in bids because they take credit cards. It is my preferred method and HA and Sterling take them so I look there first for items I may want. There is a reason companies began taking credit cards in the first place. The primary two reasons are convenience and higher sales. |
#6
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Yes, and also add a third reason: the AH doesn't want to pay Visa/MC 3%, preferring to pass the cost along to the customer who wishes to pay by credit/debit card which, harking back to my original point, puts me in a hole when competing against fellow bidders, especially for desirable high value items, residing in a state where Heritage has no physical presence and who wish to pay by check. A smaller auction house, like Sterling, hungry for new and repeat bidders, must feel they have little choice but to absorb the 3% cost. A similar reasoning probably exists why Heritage won't take Ebay. The FL sales tax and credit card surcharge added $600 to my auction total and that was painful.
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#7
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__________________
Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers |
#8
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http://floridarevenue.com/taxes/Pages/consumer.aspx |
#9
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I think I get it now, maybe. If a winning Heritage internet bidder in South Dakota doesn't have Heritage collect a sales tax, which only happens in states where they have a physical presence, he is still liable for it and needs to remit same to the state on a voluntary basis. Which I am sure rarely if ever happens. And I suppose their refusal to accept Pay Pal as a method of payment and making winning bidders "eat" the 3% credit card fee they should be paying, are simply business decisions and Heritage profit enhancers.
My only point when I initiated this thread is that, when trying, often failing, to calculate any kind of successful bidding strategy, I have to entertain costs that folks in other states don't need to. My hit ratio in their last auction was abysmal |
#10
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Lol, get real. Nobody is paying sales tax that isn't collected from heritage. Right it wrong, that's the reality, so people in FL are very much at a disadvantage.
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#11
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Because of political pressures, most major companies (Amazon, primarily) now have agreements with most states to collect tax. The reason it has not been required is because tax laws are different in every state and it was considered too big a burden on a company to have to understand and comply with all states laws. An example: Alabama has a 4% state sales tax and each county and city have their own. There is a roughly 10-15 mile stretch in the Birmingham area, where you could be in Jefferson or Shelby County, in city municipalities of Birmingham, Cahaba Heights, Vestavia Hills, Hoover or unincorporated areas in both counties. So in unincorporated Shelby Co sales tax is 5%. In the city of Birmingham/Jefferson Co, you pay 10%. Other combinations can make the tax 6%. 8% or 9%. That's just within a 10-15 mile stretch! Do to that craziness, the state came up with an 8% agreement with Amazon, so technically if you live in certain areas you could be getting overcharged or undercharged. Hope that helps Ultimately, legally everyone in every state is legally required to pay the tax whether the seller collects it. But we all know that doesn't happen. Last edited by Jenx34; 04-28-2018 at 08:05 PM. |
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