Quote Originally Posted by HolyMoly View Post
I don't know if my credit union does international wire transfers. My credit union has fairly limited services for businesses. I wanted a credit line for financing short term inventory as I didn't have credit with my suppliers and I had a few days between when my customers credit card payments cleared and when I paid my suppliers. But they did work with me, and give me a personal line of credit, and a great interest rate (7%) and I could transfer the money to my personal checking account, then transfer to my business checking account. All done online. And because money would be paid back in 4-5 days, the % on the money moving around was about .05%...that is 5 100ths of a percent. My fricken merchant services got me with 2.75% per transaction. And if I paid my suppliers with a credit card, they hit me for 2.75% per transaction, where if I could use CHAX/Electronic payment, it was free.
I am going to look into charging 3% for all my CC transactions. I don't do many but when I do they are 15-20k and getting hit with that 2. whatever charge sucks.