Hello All,
Hypothetical question aimed at seeking feedback from this community who have current merchant facilities, i.e. a business which accepts credit cards, either online on via an EFTPOS terminal.
Question: If the option was available to pay the same/similar merchant fees as you are currently paying + approximately 1.5c per dollar transacted (incl. GST), however for this extra fee you would earn 1 point per dollar (for example, Qantas/Velocity etc) would you entertain the idea? Effectively, you would be paying 1.5c per mile less GST input credit and the ability to expense the fee to your business. (I am not an accountant!).
What are your thoughts? Looking for critique / interest / further ideas.
Thanks in advance… cheers!
Hypothetical question aimed at seeking feedback from this community who have current merchant facilities, i.e. a business which accepts credit cards, either online on via an EFTPOS terminal.
Question: If the option was available to pay the same/similar merchant fees as you are currently paying + approximately 1.5c per dollar transacted (incl. GST), however for this extra fee you would earn 1 point per dollar (for example, Qantas/Velocity etc) would you entertain the idea? Effectively, you would be paying 1.5c per mile less GST input credit and the ability to expense the fee to your business. (I am not an accountant!).
What are your thoughts? Looking for critique / interest / further ideas.
Thanks in advance… cheers!