Payment at card shows?

[AGuinness]

Originally Posted by vintagetoppsguy

If you understand this simple concept, then how in the world can you blame a dealer for not accepting a $6K credit card charge and leave himself vulnerable to a charge back?

I understand this concept, but your argument seems to indicate that the seller should take on all the risk. EVERYONE takes a risk in any transaction, and we all know the inherent risks in collectibles, including forgeries, alterations, etc.

I'd turn your question around... how in the world can you blame a buyer for not wanting to pay with $6,000 in cash and leaving him or herself no recourse if they were to get scammed?

That's not to mention the risk for the seller to be given counterfeit currency. Nothing is foolproof.

Quora.com notes the rate of chargebacks is less than .1 percent for transactions where the card is present. Based on that, making a decision to not process cards at shows for the fear of a chargeback is like not going on a tropical vacation because you're afraid of flying. Ill informed at best.

The larger antagonistic attitude on this issue also hits home how I've felt at some card shops and with some sellers at shows. I'll never be the person with $6k in my pocket or in my checking account to spend at a show, but I would hope that purchases of any level would be welcome and that sellers would want to work with me on making a sale happen. The "my way or the highway" attitude is counterproductive and those sellers could use a reminder that they potentially aren't just turning away one sale, but perhaps repeat business. Sure, you might sell that $6,000 to another willing buyer, but you also might have lost many thousands more by not working with the first one.