3 ms·
while its true for amex, i dont think discover fees are any higher than visa/mc. square lists discover fee 1.56% – 2.3% and visa fee at 1.43% – 2.4%. of cours
by altmind 8y ago
while its true for amex, i dont think discover fees are any higher than visa/mc.
square lists discover fee 1.56% – 2.3% and visa fee at 1.43% – 2.4%.
of course, fees are negotiable and much less for the physical retail. durbin amendment sets the limit on /debit/ fees at 0.05%+$0.21
- kec 8y agoIt's been a while (~10 years) since I've had to deal with credit processing, but at least back then, discovers terms were pretty abusive for small businesses. In any month where we processed 1 or more discover transactions we had to pay a minimum fee of (iirc) $50. Given how relatively unpopular discover is the risk was just too high.
- sjjshvuiajhz 8y agoWow, sounds like a clearly anti-growth policy. I wonder if they have some expensive accounting in the backend or something.