My problem is that I like to treat people like I want to be treated. I will not pay an up front fee - period. Just my stubbornness. However, I have never not paid or paid late in my life – for anything. Makes it hard for me to ask for an up front fee as I won’t do it. I don’t mind paying in the middle – provided there is some defined and measurable event. But, I like to see what I get before I pay (and, I will pay).
Regarding credit cards – unless you run the card right away for approval, you don’t know if the card is bad, closed, or overextended – do I have this wrong. Plus, the costs (while not nearly as bad as a no-payer) are still huge.
I went to a Chevron station the other day to get gas. They charged my card $125 before I even pumped gas. After I pumped, I received a second receipt for the correct amount. But, the $125 showed up on my transaction history for a few days, until the Chevron batched and sent in the receipt. While everything worked out in the end, it was nerve racking waiting for the charge to be adjusted. Now, I will never go back to that Chevron station – even if their gas is $0.50 per gallon.
Maybe just have to change with the times. Ask for up front payments when times are good and not worry about it when times are bad. From what I get from this discussion, is to set up a process in the beginning and stick with it.
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