CLASS RACER FORUM - View Single Post - Credit cards at the gate for entry....what is the problem ??

Jeff Jewell · 02-10-2012, 12:31 PM

As a business owner that takes a fair amount of credit cards, I can say that I can't blame them. The merchant fees on a credit card transaction can add up to as much as 5% of the purchase, depending on the type of card. Also, at best, the track would receive the money the next business day, but could be 2 or 3 days.

I think that in this day and age, businesses have to take credit cards, but it does drive the end cost to the customer up. In the case of the tracks, if it were me, I'd have to tack on a 5% surcharge at the gate for a credit card. I'd also only take them for events where the payout goes out in a check. If I was making the payout in cash, I couldn't take a card for it as I wouldn't have the cash for payout.

Just my $0.02 in cash...

Jeff Jewell

02-10-2012, 12:31 PM	#7
Jeff Jewell Member Join Date: Jun 2002 Location: Bangor, PA Posts: 182 Likes: 41 Liked 171 Times in 36 Posts	Re: Credit cards at the gate for entry....what is the proble As a business owner that takes a fair amount of credit cards, I can say that I can't blame them. The merchant fees on a credit card transaction can add up to as much as 5% of the purchase, depending on the type of card. Also, at best, the track would receive the money the next business day, but could be 2 or 3 days. I think that in this day and age, businesses have to take credit cards, but it does drive the end cost to the customer up. In the case of the tracks, if it were me, I'd have to tack on a 5% surcharge at the gate for a credit card. I'd also only take them for events where the payout goes out in a check. If I was making the payout in cash, I couldn't take a card for it as I wouldn't have the cash for payout. Just my $0.02 in cash... Jeff Jewell