Auction houses and credit cards

[skinsfan0521]

I'm sure it's got mostly to do with the fact that you can dispute credit card charges. If they were accepting credit cards and selling ONLY legitimate merchandise (which they try to do) it wouldn't be a problem. The problem comes up when somebody isn't happy with their purchase and they can dispute it with the credit card company.

I've disputed many Paypal charges (because I got scammed) through my credit cards and got my money back from my CC every time. Paypal will find in your favor, but if there aren't any funds in the person's account, they can't do anything for you. That's why I ONLY pay w/credit card when going through Paypal. I find that the CC company will most often side w/the buyer rather than the seller. I'm not sure who's pocket it comes out of in the end, but I've never had a dispute denied through a CC.

I'm sure these auction houses don't want to be bothered with people disputing charges (even if the item is a legit item).

Just my .02

-Brian

[otismalibu]

It's funny if an auction house is getting 20% on both ends, but is too cheap to allow for CC purchases.

Like was stated earlier, that's probably not the reason.

Goes hand in hand with the No Returns policy.

[BULBUS]

I agree that its the fact that credit card purchases can be disputed. If they accepted credit cards, they would get more bids, offsetting the credit card fees.

-Chris

[rj_lucas]

I suspect auction houses refuse payment by credit card because they are upstanding and reputable companies who discourage the notion of purchasing items on credit that a person cannot truly afford.

<end of sarcasm>

Rick
rickjlucas@gmail.com

[bigtruck260]

I used one at Historic in their last auction....

[Mr.3000]

I prefer paying via MO or cashiers check.

[ChrisCavalier]

It's funny if an auction house is getting 20% on both ends, but is too cheap to allow for CC purchases.

Like was stated earlier, that's probably not the reason.

Goes hand in hand with the No Returns policy.

To be very honest, I do not know why other auction houses do or do not accept credit cards.

However, regarding GUU, we charge less than the 20% mentioned above (on both ends) and we do accept credit cards.

[Jake51]

Chris,

One of the many reasons we would all prefer to pick up our items from GUU...just add a few more BRONCS! items and we'll be all good!

Thanks,

Tom

[Neely8]

Ironically AMI is one of the few auctions houses that do accept credit card payments.