Now you are changing a fee to use your card, it doesn't matter if it's a bank card or a regular credit card. I don't leave a tip on it either, because again that fee is added to that too.
Now you are changing a fee to use your card, it doesn't matter if it's a bank card or a regular credit card. I don't leave a tip on it either, because again that fee is added to that too.
The majority of the time those fees are paid by the vendor; granted, I'll assume some build that into the cost.
One of the reasons a lot of vendors didn't accept AmEx was their rate. As I recall, the last time I looked at the numbers, AmEx wanted three percent of the transaction, Visa and MC half of that.
I think visa and mc are at 2.3 to 2.5% I believe. Depending on the service. It could have changed again not really sure. I know that’s what I payed like a year or so ago.
Mines all direct dep now. I pay like a $7 fee per transaction. $7 on $10-15,000 transactions is freakin gravy!!!
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