- September 15, 2018 at 12:54 am #245575
would you consider the percentage benefit that you get from a credit card towards the net profit when purchasing
a drop ship online business?September 15, 2018 at 12:59 am #248366
Dock David TreeceModerator
Depending on your business you could theoretically include any cash back earned by purchasing with a credit card as a deduction to offset your purchase cost and therefore part of your profit margins. However, this can be difficult to track based on your buying patterns and potentially variable credit card rewards. You may want to find another way to account for cash back rewards, for instance by including it with rebates and other non-sale revenue items.
If you’re interested in earning cash back on business purchases, you should definitely check out our list of the best small business credit cards for cash back rewards here: https://fitsmallbusiness.com/best-cash-back-business-credit-cards/. You can find our complete list along with a breakdown of rates, costs, and rewards program.
Hope this helps!