Loaner Radio

Because...

(a) it costs me 4% or so to ACCEPT a credit card and another 4% to issue a
credit, I'm out 8% of the deal from the getgo

and

(b) I'm trying my bestest to keep this from being a company gig and a
personal loan...

that isn't going to work.


Jim



Well, since you run a business I assume you accept credit cards. Why not
just take a credit card deposit roughly equal to the value of the radio &
issue a credit when it's returned? That's what most auto parts houses do
when they loan tools. A temporary payment to the card company would be ok
with me, knowing I'd get it back as a credit in a month or two.

RST Engineering wrote:
Because...

(a) it costs me 4% or so to ACCEPT a credit card and another 4% to issue a
credit, I'm out 8% of the deal from the getgo

Hotels do something similar -- it's not actually a charge, but they
sort-of claim some of your limit as collatoral or something like that.
Or maybe they just keep the credit card number around just-in-case.
There may be different fees that are no less prohibitive, though.

-Luke