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Thread: Govplanet Credit Card Fees

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    4 Star General porkysplace's Avatar
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    Quote Originally Posted by BadRobot View Post
    I won a couple auctions this weeks from GovPlanet. When I checked out and paid for, there is 2.95% credit card fee added to the total. There was no credit card fee last week. It might start today. This will drive a total cost up if you buy a big item.

    Credit Card
    Pay up to $10,000 by American Express, Visa, Mastercard or Discover. (A 2.95% fee will apply)

    Already a thread started on this.

    Govplanet Credit Card Fees

    It won't be long and everybody is going to charge the fees or do like Kroger and not take credit cards.
    https://www.yahoo.com/news/kroger-ex...151829390.html




    Moved to existing thread
    Last edited by porkysplace; 03-01-2019 at 20:09.

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    4 Star General Wire Fox's Avatar
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    If you figure out who their credit card processor is, contact their processor and notify them of this practice. A lot of those companies have contract lines in place that explicitly forbid directly charging the customer an additional amount for making use of that processing service. Offering a "cash discount" or "direct transfer discount" is just the same thing under a different name. Effectively, the processors want the business to charge the same amount of money, no matter how the customer pays. This means either the business prices it to take a competitive loss from the CC sales, or just so happens to make extra money on non-CC sales.
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    Quote Originally Posted by Wire Fox View Post
    If you figure out who their credit card processor is, contact their processor and notify them of this practice. A lot of those companies have contract lines in place that explicitly forbid directly charging the customer an additional amount for making use of that processing service. Offering a "cash discount" or "direct transfer discount" is just the same thing under a different name. Effectively, the processors want the business to charge the same amount of money, no matter how the customer pays. This means either the business prices it to take a competitive loss from the CC sales, or just so happens to make extra money on non-CC sales.
    Yes and no. Merchants can charge fees for processing a credit card. There are a handful of states that don't allow it though. There might be recourses that way in specific states. Otherwise, the 3% fee is under the actual fees imposed by the processor, which makes it comply with the TOS.

    I'm guessing the CC buying guys are going to tick off the cash buying guys. GP/IP has been a cash business for years. The CC side of things really came to be with the GP items. Don't want the 3% fee? Pay with cash. I could see GP reverting back to cash only if it becomes too much of a hassle. Or simply bump up the final fees from 10% to 15%.
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    They have their processing company listed in checkout. I forget the name.. Honestly I thought at one time it was actually illegal to charge a processing fee like this.. Times are changing. I just wish they would have given customers notice. That is the big gripe I have with them.. I have not bid on anything this week and the items I would have bid on when much cheaper than the same items did the week before.. Hopefully they take notice. I hate to not buy but it just irks me when companies pull this type of stuff.

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    Corporal tktsales's Avatar
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    Yeah, I can see them bumping the 10% fee to 12 or 15 and guess what when they do it will be another surprise to everyone.. I will be done for good if they do.. Not sure I will bid much at all now.. Its so **** time consuming and most people don't have all day to sit around and place bids.. I further don't know if I can trust these auto bids to place a large bid in advance.. Time will tell. I don't know about paying GP with cash, I don't know how one would do that short of being an onsite auction but even for wire transfers, My bank charges me $15 or so to receive a wire transfer, I assume most banks do so they probably have some sort of fees to deal with even with that option.

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    That’s sneaky. (I’d like one or two of those cans.)
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    GP/IP has been a "cash" auctioneer for years. Basically how that works is that you get preapproved or bring a note from your bank stating that you're good for the funds. If it's a large amount, they wire the money.
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    Quote Originally Posted by tktsales View Post
    .. I have not bid on anything this week ..... Hopefully they take notice. I hate to not buy but it just irks me when companies pull this type of stuff.
    I hate to say it - but even collectively here we aren’t even a blip on their radar....
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    Yes that is true but for some of us who bid on a very select product offering where there are not many bidders to begin with, when I don't bid, the end result is that the product will sell much much cheaper, If I were to bid, even if I don't win, my bids help raise the final bid so they make more on the sales. I know they have someone to monitor this site, They would almost be foolish to not. If anyone is out there, Just be up front and honest about your fees and don't spring new fees without prior notice, Not only is it little to ask for it is common courtesy and it makes for happier customers who want to return and buy more.. I had some bidding withdraw this past week.. Really hope I can get the courage to bid again or I might have to start drinking..

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    Even PayPal went up to 4.5% fees from 3 %
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