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CC Processors like Visa and Mastercard do refund fees on CC processing, but the interchange or % of return is smaller than the actual gross. You don't necessari
by buildawesome 6y ago
CC Processors like Visa and Mastercard do refund fees on CC processing, but the interchange or % of return is smaller than the actual gross. You don't necessarily get "all" of your refund, if you're a merchant.
- adrr 6y agoOnly processing fees aren’t refunded which is like 25 basis points for a mid size business.
- jashmatthews 6y agoIt’s highly country dependent. Card present transactions are still several percent in many countries.