Payment at card shows?

[packs]

I agree that dealers can approach the sales portion of their business any way they like and there is no right or wrong way. But when it comes to myself, anyone who doesn't accept cards will lose my business every time.

[vintagetoppsguy]

Originally Posted by packs

I agree that dealers can approach the sales portion of their business any way they like and there is no right or wrong way. But when it comes to myself, anyone who doesn't accept cards will lose my business every time.

Dont you think you get a better deal paying with cash?

[packs]

Maybe. I like going to shows because I don't get to be around people into cards very often. So it's a good time for me just walking around and checking stuff out, dropping off cards for grading. But because I don't actually buy something that often I don't take a lot of cash with me. I am a serious buyer though if I find that item. It would be with my debit card though.

[vintagetoppsguy]

I'm really surprised we haven't heard from more dealers on this issue. Perhaps they just don't want to speak up. I did find this old thread...

http://www.net54baseball.com/showthr...rd+charge+back

It does happen.

And to clear up some misinformation posted earlier, yes the charge back rate is less than .1 percent. However on purchases over $2500, the charge back rate jumps to nearly 3.5%. How convenient that was left out. And I bet if more research wete conducted, it would show that charge back percentages are even higher at hobby/trade shows.

[AGuinness]

Originally Posted by vintagetoppsguy

I'm really surprised we haven't heard from more dealers on this issue. Perhaps they just don't want to speak up. I did find this old thread...

http://www.net54baseball.com/showthr...rd+charge+back

It does happen.

And to clear up some misinformation posted earlier, yes the charge back rate is less than .1 percent. However on purchases over $2500, the charge back rate jumps to nearly 3.5%. How convenient that was left out. And I bet if more research wete conducted, it would show that charge back percentages are even higher at hobby/trade shows.

Apparently things are not left well enough alone.

Lets clear up the real misinformation, as I posted:

Originally Posted by AGuinness

Quora.com notes the rate of chargebacks is less than .1 percent for transactions where the card is present.

This information came from this page:
https://www.quora.com/Online-Payment...rate-in-the-US

Vintagetoppsguy apparently found this page, which includes this nugget:
"Amount over $2400-$2500 mark suddenly experiences a surge and it is almost 3.0% to 3.5%"

But Vintagetoppsguy either didn't read the page or is purposefully being deceptive because that nugget follows this clarification:

"For Card Not Present Transactions: The chargeback rate is very interesting:"

That is: For transactions without credit cards, chargeback rates are between 3 and 3.5 percent.

I quoted for when credit cards ARE present, which is clearly what we are talking about when it comes to purchasing cards and memorabilia at shows. The higher percentage is when cards are not present, such as eBay, etc.

I'm happy to keep an informed and respectful conversation going, but describing the information I posted earlier about chargeback rates as "misinformation" is either an egregious mistake where Vintagetoppsguy failed to comprehend the web page or an accusation intended solely to deceive.

Originally Posted by vintagetoppsguy

How convenient that was left out.

Yes, how convenient that I left out statistics that were immaterial to the conversation so you can take them out of context.

[Cozumeleno]

I see both sides of it and I think any dealer has the right to accept/deny any payment method they want. If I were a dealer, I'm not sure I'd want to accept a card payment on a $6K item and as a buyer, there's no way I'd show up to a card show with $6K in cash, either.

To lessen the rate of chargebacks, couldn't dealers simply either have buyers using credit cards sign the credit card receipt that machines use, OR in the event of Paypal being used, sign a receipt where both get a copy to provide documentation of cards being exchanged? And I'm not sure how ironclad it would be when it comes to chargebacks, but the language 'All sales final' could be added to the receipt.

That (like anything else) wouldn't get rid of chargebacks entirely, but wouldn't it help a great deal?