RE: Do not send cash!!! (was RE Momentum Motorsport)

["Karp, Steve" <KarpS@1st-annapolis.com>]

This is slightly off subject, but you shouldn't have to pay a merchant
discount rate of 4%.  Is that the best that's ever been offered to you
by a merchant acquirer or bank?  How about accepting debit cards, which
are much cheaper for you and still offer the consumer some protection in
case they have a gripe about the purchase?  I work for a management
consulting firm that specializes in the credit card industry, so I know
a little about some of this stuff ...

>-----Original Message-----
>From:	Roccet@aol.com [SMTP:Roccet@aol.com]
>Sent:	Friday, May 29, 1998 10:27 AM
>To:	jettaglx@igtc.COM; eugeneoh@purdue.edu; Jeff_Newton@pmc-sierra.com;
>gti-vr6@dev.tivoli.com
>Subject:	Re: Do not send cash!!! (was RE Momentum Motorsport)
>
>In a message dated 98-05-29 08:24:06 EDT, wally@li.net writes:
>
><< As your attorney, I must advise against dealing with any business that
>does
> not accept credit. What's your recourse if they scew you? You've just sent
> them cash!!!! Don't do it. Unless you can afford to lose the money (and
> time), forget them. Wait for them to grow up and mature as a business, and
> likely, they will have an acceptable credit system in place.
>  >>
>
>well that seems kinda funny to me, we have done cash only for 20 years!!!! i
>dont know many machine shops that are credit. Hmm come to think of it i dont
>know ANY. for one thing it costs 4% per tranaction thats bull crap im not
>going to pay the 4% are you? Now that im doing European Modifieds company i
>run it the same way. Cash , check  or cod. i mostly get distributors buying
>wholesale anyway but its the twice a week retail people that want that want
>everthing at once so CHARGE it ??. nope not going to happen. Havent lost a
>sale yet because i dont accept credit cards. i have Not one credit card and
>never will. .. my two cents worth and i paid cash hehe