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> By my understanding, in the US, typical merchant fees to accept a card are a flat $0.20-$0.30 transaction fee, plus 2-3% of the total dollar amount. That's c
by dave5104 7y ago
> By my understanding, in the US, typical merchant fees to accept a card are a flat $0.20-$0.30 transaction fee, plus 2-3% of the total dollar amount.
That's correct, generally. But those can always be negotiated. And Starbucks probably has the volume to have some negotiating power. I'd be surprised if they didn't have a lower rate.
- ukoki 7y agoWhat are they negotiating against though? Wouldn't the BATNA be to not accept credit cards which be suicide for a retail company?
- JetSpiegel 7y agoAccepting some cards and not others? That could potentially move the market, at Starbucks' scale.