Quote:
Originally Posted by Snapolit1
Now that’s its become very common for vendors of all types to add 2-3% on to credit card transactions, what is the logic for large auction houses now to refuse to take credit? I assume many people are comfortable paying higher prices to put something on credit. Is there some other reason why people don’t want to deal with credit cards? Maybe I’m missing something obvious.
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Chargebacks, predominantly. IMO if you're vetting your bidders it doesn't matter, but clearly AH like cash/zelle/wire since they aren't easy to contest, if at all. Additionally, even if having to pay the fee, a lot of cards offer rewards that offset close or all of the cost in the for of cash-back rewards. I have a few that pay north of 2% for all purchases. To your point, many bidderrs would probably extend themselves a bit further with a CC then with cash or wire.