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>I'd prefer it if merchants could and would line item the exact fee for my specific card for this specific transation that would be excellent, and as a merchan
by notatoad 10y ago
>I'd prefer it if merchants could and would line item the exact fee for my specific card for this specific transation
that would be excellent, and as a merchant i'd love if it were possible. we save a lot of money by paying a variable rate, so a transaction on a platinum card or something that pays a higher cashback to the cardholder costs us more than a basic card. We don't even know what the processing fee for your transaction was until the end of the month when our gateway provider invoices us.
- mvid 10y agoIt would probably be the other way around, less expensive cards have a higher likelihood of fraud, so they would be charged a higher fee.
- notatoad 10y agoit is not. risk is covered through the interest rates the cardholder gets charged - higher risk cards are higher interest. Reward program costs are paid by the transaction fee the merchant gets charged.