Legal Question in Credit and Debt Law in California
I am a california business that sells equipment at retail and buys from a distributor at wholesale. One distributor would charge me a 3% fee for paying by credit card and says that it is legal at the wholesale level although not at my retail level. Is this true?
Asked on 3/17/10, 6:18 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Yes. Between merchants it's whatever terms you can negotiate. Maybe the distributor will extend you credit, which presumably would not carry a credit card processing fee.
Answered on 3/22/10, 6:23 pm