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Yes - all payment processing networks impose a ~3% fee regardless of the credit/debit nature of the card.
by primitivesuave 8y ago
Yes - all payment processing networks impose a ~3% fee regardless of the credit/debit nature of the card.
- ceejayoz 8y agoPayment processors like Stripe may fix the rate at something profitable for ease of explanation, but the underlying interchange fees are not the same. They even vary by credit card type (rewards cards have a higher interchange rate than a non-rewards card), and by type of merchant. See the MasterCard rates at https://www.mastercard.us/content/dam/mccom/en-us/documents/merchant-interchange-rates.pdf https://www.mastercard.us/content/dam/mccom/en-us/documents/..., for example.
- lavezzi 8y agoSource please?