3 ms·
Yep, that’s credit card processing fees. Standard across the industry. See https://www.bankrate.com/finance/credit-cards/merchants-guide-to-credit-card-process
by orbz 4y ago
Yep, that’s credit card processing fees. Standard across the industry.
See https://www.bankrate.com/finance/credit-cards/merchants-guide-to-credit-card-processing-fees/ https://www.bankrate.com/finance/credit-cards/merchants-guid... for further info.
- jaclaz 4y agoIt depends on where. In EU there is IFR that covers almost any debit/credit card transaction capping the interchange rate to 0.2 or 0.3%: https://en.wikipedia.org/wiki/Interchange_fee https://en.wikipedia.org/wiki/Interchange_fee (doesn't apply to corporate cards and to American Express)