I can reluctantly accept purchase orders – but in practice I haven’t done so for a couple of years now.
To be blunt bank fees. When your institution transfers funds into my bank account I get hit with massive fees for currency conversion and believe it or not – my bank pays someone to write me a paper letter (and post it) to proudly announce that they have performed this on my behalf. If the transaction fails for any reason – the cost to me is about $60 in fees – more than a single pump license. This whole old fashioned process takes at least 10 business days too.
About two years ago I started accepting purchase orders only with a $35 processing fee. Everybody now comes to my website with a credit card and I only get hit with about 4% fees. Transaction time is hours not days.
May 2017: Yesterday my bank announced a first quarter profit of $2Billion – mostly from an increase in fees. Yes – what you just thought.