3 ms·
If credit card fees are $2,000 for every $100,000 of revenue (assuming 2% and all revenue through CCs), how is that different than 450$ for every $100,000 of re
by bisby 10y ago
If credit card fees are $2,000 for every $100,000 of revenue (assuming 2% and all revenue through CCs), how is that different than 450$ for every $100,000 of revenue. This was not a 1 time dinner, it was "up to 0.45% of revenue will be spent on steak dinners"
In the end it's still a concession, 0.45% is less than 2%, and a vendor might spend that much for schmoozing and maintaining business relationships anyway, but I would say its the same kind of cost as credit card fees.