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The Water Cooler
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Credit card "tax"
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<blockquote data-quote="SoonerP226" data-source="post: 4066524" data-attributes="member: 26737"><p>When I worked in higher ed, we had credit cards that we could use for some types of purchases. I told one of my regular vendors that I had the card and could use it for the stuff we frequently bought from him, and he said he actually preferred Net30 terms, as our cards were classified as gov't cards, which were deemed high-risk and carried a 6% transaction fee instead of the usual 3%.</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 4066524, member: 26737"] When I worked in higher ed, we had credit cards that we could use for some types of purchases. I told one of my regular vendors that I had the card and could use it for the stuff we frequently bought from him, and he said he actually preferred Net30 terms, as our cards were classified as gov't cards, which were deemed high-risk and carried a 6% transaction fee instead of the usual 3%. [/QUOTE]
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