Mike_S
7 years agoCover User
I am currently using third party payment platform that integrates with MYOB, as its the only way I can pass on credit card surcharges to clients. I also won’t be using PayDirect until surcharging is available.
As a business owner in the construction industry, in my experience customers are happy to pay the surcharge for the convenience and rewards points on their credit card.
However, with large invoice balances and very tight net profit margins in the construction industry, net profits can range from 10-15% for each job. So to absorb the 1.8% MYOB surcharge is not an option. That would equate to a 18% reduction in net profit.
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