Quote:
Originally Posted by JSWolf
Do they also charge a fee for using a debit card?
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The % in not the ONLY FEE or Expense.
Fees can change depending on Annual Volume.
Connection (harkens to Dialup days) or Transaction fee (this does not include YOUR Phone/wireless/data
service charges billed separately.
Equipment rental / purchase / maintenance, everything else needed just to accept a card.
Penalty fees.
Hand Keyed (not swiped),
Charge back (disputed),
Returns (the merchant is still on the hook for the original sale AND the return transaction charges.)
And one included, I had not known for a long time. (CC processing service) referral Sales commission. My boss let slip: 1/2 cent for every transaction on service he got the merchant to use as part of the Point of Sale equipment he sold.