Watch Collecting Experience

[marineguy8888]

general merchant/ retailers... ( not jst watches )

they work with cc merchant bank via promo, Eg. advert in their banks flyers/ advert etc..but actual sales transaction still lies with the merchant.

most merchants hv couple of cc terminal. If YYY bank is doing the promo ( but merchant rate = 1.7% ). and if the other terminal from XXX bank ( which charge 1.4% ); merchant can choose to swipe most transaction on XXX bank's terminal instead.

also, another consideration for merchant will be the settlement period, some cc/nets merchant credit merchant a/c the next working day ( eg. nets ), some cc abt 2 days, some can opt for longer period for a reduction in merchant rate... hehee

usually for those hige lower turnover retailer approx low 3%.
h turnover retailers, visa/ mc rates usually way less thn 2%... never believe them whn they say 2+ %. The 'bee kok' card is the highest and for th
MG in retail, i think he can add more to this cc thing... hee

From business point of view ,

Retailers normally like to reduce expenses .
And special rates are given to retailers depending of volume of transactions and length of staying with the same bank . Normally less than 2% .

If bank A visa machine charges 1.7% for transactions and bank B charges 1.5% . We would go for the lower %charges . The bee kok and dinning cards charge more than 3% to retailers .

[pet]

Hahaha....make u happy nia then u more willing to pay for it mah...

lol...then intro u to other brands....especially their house brands

general merchant/ retailers... ( not jst watches )

they work with cc merchant bank via promo, Eg. advert in their banks flyers/ advert etc..but actual sales transaction still lies with the merchant.

most merchants hv couple of cc terminal. If YYY bank is doing the promo ( but merchant rate = 1.7% ). and if the other terminal from XXX bank ( which charge 1.4% ); merchant can choose to swipe most transaction on XXX bank's terminal instead.

also, another consideration for merchant will be the settlement period, some cc/nets merchant credit merchant a/c the next working day ( eg. nets ), some cc abt 2 days, some can opt for longer period for a reduction in merchant rate... hehee

usually for those high turnover retailers, visa/ mc rates usually way less thn 2%... never believe them whn they say 2+ %. The 'bee kok' card is the highest and for the lower turnover retailer approx low 3%.

MG in retail, i think he can add more to this cc thing... hee

[triton]

no matter how rich u are, u are jst another customer ... hahhaa

but behind the retail activities, tht's another story. dealers/ traders might be working with them behind close door; even the AD sales themselves might be into the act ......

no offence to those in this industry hor ... hahaha ... biz mah, same goes to most other trades..

yes. if you are a Central Point of Interest, maybe u r valued more.

[Darkangel]

actually im not sure about the profit margin. dont forget, AD have overheads.

True...like NAC for example...the rent is crazy

[triton]

Lol...that shows how high their profit margin is

Yeah...those see and buy...confirm kena CHOPPED!

But well...they have the money to get chopped...unlike us

actually im not sure about the profit margin. dont forget, AD have overheads.

[Darkangel]

no matter how rich u are, u are jst another customer ... hahhaa

but behind the retail activities, tht's another story. dealers/ traders might be working with them behind close door; even the AD sales themselves might be into the act ......

no offence to those in this industry hor ... hahaha ... biz mah, same goes to most other trades..

Well...true...

[pet]

Lol...that shows how high their profit margin is

Yeah...those see and buy...confirm kena CHOPPED!

But well...they have the money to get chopped...unlike us

no matter how rich u are, u are jst another customer ... hahhaa

but behind the retail activities, tht's another story. dealers/ traders might be working with them behind close door; even the AD sales themselves might be into the act ......

no offence to those in this industry hor ... hahaha ... biz mah, same goes to most other trades..

[Darkangel]

another 1, they tell u the promo with eg... X credit card....but in reality, they can offer the same discount or gift if they wnt to, even if u use another cc or even if u pay cash

Hahaha....make u happy nia then u more willing to pay for it mah...

sounds familiar.

2) you look for one particular model. they quote u the price which is lowest can find. but then they tell u no stock.

lol...then intro u to other brands....especially their house brands

[Darkangel]

sometimes dealers provide much better pricing than AD.

Dont ask me how they do it... I also blur ( usually they source overseas ). .... recently jst been offered a watch tht's another 45% off AD's discounted price.

Lol...that shows how high their profit margin is

Usually, rich people higher chance of kena ripped. Cost just buy and buy.
Poor people like me, source here and there... bargain until face turn green... bargain somemore even though I know that the dealer quoted me the lowest among the places I visited. hehe.

Yeah...those see and buy...confirm kena CHOPPED!

But well...they have the money to get chopped...unlike us

[pet]

sometimes dealers provide much better pricing than AD.

Dont ask me how they do it... I also blur ( usually they source overseas ). .... recently jst been offered a watch tht's another 45% off AD's discounted price.

[bEnd1ck]

Usually, rich people higher chance of kena ripped. Cost just buy and buy.
Poor people like me, source here and there... bargain until face turn green... bargain somemore even though I know that the dealer quoted me the lowest among the places I visited. hehe.

[pet]

another 1, they tell u the promo with eg... X credit card....but in reality, they can offer the same discount or gift if they wnt to, even if u use another cc or even if u pay cash

[triton]

care to share a few of their sales tactics....: i start off with one...

1. sales will take out from a drawer to show u pc or pcs not on display... say hot item... and so on...

sounds familiar.

2) you look for one particular model. they quote u the price which is lowest can find. but then they tell u no stock.

[Darkangel]

haha... actually hor, i dont usually walk into AD, maybe abt half not from AD...

care to share a few of their sales tactics....: i start off with one...

1. sales will take out from a drawer to show u pc or pcs not on display... say hot item... and so on...

So...it's to make it look like a special deal and just for u only....and u will jump straight in thinking you got a great deal?

[pet]

Hmm...I never tio b4 I think...

haha... actually hor, i dont usually walk into AD, maybe abt half not from AD...

care to share a few of their sales tactics....: i start off with one...

1. sales will take out from a drawer to show u pc or pcs not on display... say hot item... and so on...