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  • Hey all, just changed over the backend after 15 years I figured time to give it a bit of an update, its probably gonna be a bit weird for most of you and i am sure there is a few bugs to work out but it should kinda work the same as before... hopefully :)

Payment:

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lol, one time payment to CC's?

Meaning that we can make multiple $7,500 payments on separate cards?

Or does that mean that the maximum amount of our invoice that can be payed by CC is $7,500?

Just for claritys sake.
 
Since many are concerned about the amount that they can put on a credit card charge, there might be a few ways to solve the problem.

If RED's restriction is based upon the credit card discount that they will absorb, then perhaps offering to cover the difference as a "credit card fee" might solve the issue (it is generally about 1.5%).

If that isn't the issue, then one can get a cash advance (and pay the fee to the credit card provider) and transfer the funds into a different instrument.

If it is the potential of charge backs that is the concern, then my first suggestion will likely not be applicable.

Domestic wire transfers are overly pricey in my opinion, a bank draft is the simplest guaranteed instrument for this type of transaction. For foreign purchases, then a wire might be best assuming that the purchasers bank/government doesn't restrict the amount of foreign transfers to an amount that wouldn't allow for the purchase.
 
khmuse said:
If RED's restriction is based upon the credit card discount that they will absorb, then perhaps offering to cover the difference as a "credit card fee" might solve the issue (it is generally about 1.5%).
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Great idea.
 
Up to $7499.99 USD in credit card transactions can be applied to an accounts total balance. After that amount balance payments should be sent via wire transfer or cash equivalent.

There are numerous options for those who do not have immediate assests, a lot of these discussed within this thread. We're sorry if this inconveniences anyone but this is common practice for businesses dealing with large currency transactions such as these. Just because this is the situation now does not mean that we are not exploring and considering other options, but right now we are concentrating on getting cameras built.

Sean Ruggeri
ruggeri@red.com
 
Sean R. said:
Just because this is the situation now does not mean that we are not exploring and considering other options, but right now we are concentrating on getting cameras built.

ruggeri@red.com
Click to expand...

Paul's and Obendega's google checkout suggestion seems like a good solution. Only thing for google is "about" 20 million dollars of processing for around 1,000 reds + accessories this year hehe.
 
Why won't Red just get a Google account? Please address this. It seems a no-brainer to satisfy the customers while still getting all the funds.
 
There seems to be a lot of angst re this issue and I feel many purchasers have been caught with their pants down. As someone who has bought a lot of gear over the years, here are some quick financing options that involve credit, but not credit cards. Both American Express and Wells Fargo are very aggressive in lending to small business owners. You can apply for a "credit-line" which is credit-score based. Approval usually comes in 48 hours.

Depending on your credit status, you can easily get $20-50K approved. From these accounts you can write a check and put it in your bank account or purchase a cashier's check for payment. No credit card fees.

To get larger amounts financed, you've got to go thru channels that require more paperwork and time (bank loans, leasing).

Obviously, if you have bad credit, or low income even Amex and Wells Fargo won't approve a loan. Or they may hike the rate or limit the amount. Anyway, it is a fast "yes/no" alternative, if you were planning to use your credit card for the whole thing.

If all else fails, ask mom and dad.

RA Post
 
Probably a silly question... but...

For those of us who are expecting delivery after the first of the year and would like this to show up on our 2007 books - any issues with paying the amout early - in which case a company check would have plenty of time to clear?
 
Hoffman said:any issues with paying the amout early - in which case a company check would have plenty of time to clear?
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No problem there. You can actually pay your balance in full at the time of your order, if you desire.

edit: I need to be more specific here- you can pay for your camera package early, however we would have to bill you for sales tax and shipping fees at the date of shipment. So the bulk of your purchase can be applied to your 2007 books but the sales tax and shipping will be later.
 
What's the drill?

What's the drill?

Greetings RedTeam. I can imagine that getting cameras ready to go out the door is keeping you all very busy, however...

How about a procedural breakdown we can all use as a guide...

Payment options, pickup/shipping options, etc.

Thanks in advance and congrats Zakaree.
 
khmuse said:
If RED's restriction is based upon the credit card discount that they will absorb, then perhaps offering to cover the difference as a "credit card fee" might solve the issue (it is generally about 1.5%).
Click to expand...

It would also make them eligible to get all credit card purchases nulled immediately and a hold placed on their account.

That violates the contract you sign when you accept any major credit card.

If you ever see a store doing this you can report them and they be forced to refund the fee and/or lose their right to continue accepting credit cards.
 
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