Timeline for Is payment processing fee (paid by customer) interest if that fee become a gain for me instead of cost?
Current License: CC BY-SA 4.0
19 events
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| Jun 5, 2018 at 16:15 | comment | added | Nezam Uddin | @TheZ, I'm not sure if Riba is only a function of time. There is a type of Riba named Riba al fadl, which arises while exchanging similar type of goods but of different quality. | |
| S Jun 5, 2018 at 7:40 | history | suggested | Glorfindel | CC BY-SA 4.0 |
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| Jun 4, 2018 at 18:07 | comment | added | The Z | Interest is a function of time. What you are describing is transaction cost. So you are paying for the company to use its electronic systems. You are not paying for time. | |
| Jun 4, 2018 at 15:16 | review | Suggested edits | |||
| S Jun 5, 2018 at 7:40 | |||||
| Jun 4, 2018 at 13:16 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| May 5, 2018 at 12:33 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Apr 5, 2018 at 21:14 | history | tweeted | twitter.com/StackIslam/status/982003629849743360 | ||
| Apr 5, 2018 at 13:10 | comment | added | Rebecca J. Stones | @NezamUddin Excellent! Looks clear to me. | |
| Apr 5, 2018 at 11:57 | comment | added | Nezam Uddin | @Ahmed, I've re-wrote the question. Please do have a look. | |
| Apr 5, 2018 at 11:55 | history | edited | Nezam Uddin | CC BY-SA 3.0 |
added 472 characters in body
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| Apr 4, 2018 at 16:27 | answer | added | Ali Adravi | timeline score: 1 | |
| Apr 4, 2018 at 15:00 | comment | added | Ahmed | I assume you are charging the customer because the third party is charging you a transaction fee and you are passing it on to the customer as part of your cost price. If so a related Fatwa: amjaonline.org/fatwa-87581/info But if the third party is not charging you a fee, is the end customer aware that is a convenience fee that you charge and goes into your pocket? | |
| Apr 4, 2018 at 14:36 | comment | added | Nezam Uddin | @Medi1Saif, I've taken the tour. Thanks for referring. The Fee is imposed by me. Please see the comment. | |
| Apr 4, 2018 at 14:34 | comment | added | Nezam Uddin | @Ahmed, I've edited the question. The fee that I take from customer will be deducted from my account only if I take the money out of the payment company wallet. This is not a traditional merchant account, rather I'm using my personal account to take occasional payment. Hope its less confusing now. | |
| Apr 4, 2018 at 14:32 | history | edited | Nezam Uddin | CC BY-SA 3.0 |
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| Apr 4, 2018 at 13:56 | comment | added | Ahmed | Can you elaborate on the method "X" and if you mean that the third party providing this service gives some some discount or cashback which you count as 'gain'? | |
| Apr 4, 2018 at 13:19 | history | edited | Medi1Saif♦ |
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| Apr 4, 2018 at 13:06 | review | First posts | |||
| Apr 4, 2018 at 19:24 | |||||
| Apr 4, 2018 at 13:03 | history | asked | Nezam Uddin | CC BY-SA 3.0 |