31–40 of 176 posts
Does anyone know if the "real big" merchants like Walmart have to pay the fee? I assume they're so large they can sit on the processors and squeeze them (I know Costco does, they pay 0% fees in-store because Visa is so hungry to be their processor).
This is now pretty standard across the industry. PayPal made the same change last year.
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By that logic they should charge by request volume, not by percentage of amount. As a matter of fact, there is no logic in pricing. Sellers will charge what they can get away with, buyers will pay what they can afford. And of course, it is always negotiable.
> And of course, it is always negotiable. Sweet. How do I negotiate with Amazon again? In reality, negotiation is a relic of a long gone era and flea markets. Buyer agency in general has mostly disappeared in modern transactions.
So how did you determine salary last time you were hired?
(I last negotiated a price in a retail store about 10 years ago - if you call that a long gone era then I feel rather old).
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By that logic they should charge by request volume, not by percentage of amount. As a matter of fact, there is no logic in pricing. Sellers will charge what they can get away with, buyers will pay what they can afford. And of course, it is always negotiable.
> And of course, it is always negotiable. Sweet. How do I negotiate with Amazon again? In reality, negotiation is a relic of a long gone era and flea markets. Buyer agency in general has mostly disappeared in modern transactions.
As a seller? You set up your own website and don’t use Amazon. There are literally thousands of mom and pop sellers that use Shopify and advertise on Facebook and Instagram
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I fail to see why there’s a penalty for a refund. A chargeback would be one thing, but a refund is a totally normal business process
A refund _is_ a chargeback – the only difference is who initiates it. Technically, any time funds are moved onto a card, it's called a chargeback. This is how one would load a gift card, for instance. When it comes to credit card merchants, a chargeback always dings a transaction fee, and the merchant may additionally tack on a chargeback fee. So a full refund process will incur two transaction fees, plus possibly a…
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By that logic they should charge by request volume, not by percentage of amount. As a matter of fact, there is no logic in pricing. Sellers will charge what they can get away with, buyers will pay what they can afford. And of course, it is always negotiable.
> And of course, it is always negotiable. Sweet. How do I negotiate with Amazon again? In reality, negotiation is a relic of a long gone era and flea markets. Buyer agency in general has mostly disappeared in modern transactions.
Source: I was director of digital marketing for a payments company a few years ago.
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> If you drive to work on a toll road and then drive back home along the same toll road, you still have to pay the tolls even though you wound up in the same place at the end. Funny you should use that example. On toll roads you get charged in both directions, but I've never seen a toll bridge that had tolls in both directions. Usually the argument is that you really can't go any other way so the toll in one directio…
I've never seen a toll bridge that doesn't have tolls in both directions. I didn't even know that charging in only one direction was a thing. You live and you learn.
It seems kind of a waste from my perspective to have to do the traffic bottleneck in two directions.
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I fail to see why there’s a penalty for a refund. A chargeback would be one thing, but a refund is a totally normal business process
Apparently merchants can avoid it with store credit: > Additionally, we offer a number of resources and tools to assist sellers in accommodating this change. Our Return Policy Guide & Templates provide sellers with guidance on how to create a return policy that best suits their business, while Square’s free eGift Cards can serve as an option for providing store credit to buyers with no additional processing fees . Me…