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Some part of the fee is used to insure against fraud. That is obviously related to transaction volume.
by germanier 10y ago
Some part of the fee is used to insure against fraud. That is obviously related to transaction volume.
- rahimnathwani 10y agoI think you mean transaction value ($) rather than transaction volume (#). You are correct, and the value is also the right thing to tax if you are funding 30-60 days of interest-free credit.
- germanier 10y agoThanks, English is not my first language. After looking at the first few Google hits for "transaction volume" it seems to be confusingly used with both meanings but it's best to be unambiguous.