I sell on eBay with an LLC so I am technically small business.

I source a lot through auctions, some which charge cosigners as much as 35% commission, and some charge buyers 10-15% premiums on top of that.

They have the nerve to act like 2.6% is going to kill them.

Like you make as much as 50% on sold goods, yet I STILL have to subsidize your merchant fees?

No.

Most people don’t carry cash anymore and a lot of small businesses seem to take advantage of this.

I’ve been to some where you can’t buy ANYTHING on a card unless it’s $20 or more.

I’ve gotten into some arguments because it’s also illegal to surcharge a DEBIT card, same for those minimum fees.

I’ve had some places try to charge me a CC fee for the entire amount when paying half the amount in cash (example $250 cash, $250 on a card) “Our POS software doesn’t allow us to split payments” – utter horse shit.

Some places charge 5-6% in credit card fees! Square is 2.6%+10c in person. So they are literally not just passing along the fee, they are making extra money on it too.

Like I have all sorts of costs doing business. I don’t make anyone pay extra for them because it’s literally THE COST OF DOING BUSINESS.

If 2.6% is that much of an impact to your bottom line, you seriously need to reevaluate your financials.