Virtual Credit Card clarifications needed
The virtual credit cards implemented on booking.com is a wonderful option that i have registered already. Unfortunately here in Thailand boutique businesses are not allowed to charge virtual credit cards through their credit card terminal (the function is disabled). I have spend months trying to find a solution by getting a virtual credit card terminal or by using an application but there are no options (square,paypal can not plus many others). I have contacted plenty of companies but can not. Nevertheless, i find a solution through a company to manage this but i have to pay a surcharge of 5%.
Now my question is, all the virtual credit cards has a surcharge of 2.6% on top of any charge of your bank fees? (normally 1.7% -2.2%). If yes then it is an issue as i will have to pay 5% for my service that i found to be able to charge the virtual credit cards plus 2.6%.
As per my understanding, if the 2.6% surcharge applies to each and every transaction regardless my fees from the bank then i will have to stop using the virtual credit cards and start charging ONLY through my service in advance all the non refundable reservations (i require credit cards for all of my reservations made). This would be a bit of extra work (too much actually) but there is no other solution as per my understanding.
Kindly let me know your thoughts and please advice alternatives if any.
I appreciate your replies in advance,