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Credit card fees are negotiable with most processors. You can get a fee structure that is optimized for low dollar transactions.
by indymike 6y ago
Credit card fees are negotiable with most processors. You can get a fee structure that is optimized for low dollar transactions.
- Supermancho 6y agoThat minimum fee has recently increased. Like 1-2 months ago. You are not going to negotiate that down with VISA/MC. Talk to a bar/restaurant worker, who gets to see the transaction fees.
- indymike 6y agoI own an MSP and we have wide latitude to set rates with our customers. The numbers that were in the example ($.50 plus on a $2 transaction) are on the high side of ridiculous, especially for card present. And yes, the base costs vary by industry so your milage may vary.
- brianwawok 6y agoYou think card is present when you sign up for dropbox?
- indymike 6y agoNo, poster mentioned restaurants & bars, which generally are card present.