Well, it’s no problem when you order via the LCM Systems‘ website. Many companies now enable senior engineers and buyers to use credit cards to order products up to a certain limit. This works well for all parties involved. For our customers, it’s quick and convenient as there is no waiting around for Purchase Orders to be raised and the monthly statement provides details of the exact cost and confirms that the order has actually been placed and received. For us, it means that we have the money as a guarantee that the order will go ahead and, of course, it helps our cashflow, a real bonus when we have to invest in stock to manufacture our products.
But, should you pay a premium for using a credit card? At the end of June, the Office of Fair Trading (OFT) here in the UK ordered travel companies to make all debit or credit card charges clear immediately. The story is on the BBC News website. It is argued that by adding these surcharges at the end of the buying process, makes it very difficult for customers to compare prices.
My thoughts are that ‘No’, our customers shouldn’t have to pay a premium for buying our products. Put like that, it sounds crazy, doesn’t it? So, it’s yet another reason to buy from us. If your company enables use of of credit cards for purchasing engineering supplies, then come over to LCM Systems and you won’t be paying any more.