4 ms·
If the credit network is going to charge you, say, 2% to process the transaction, why not make the user pay for that compared to much cheaper transaction method
by oh_sigh 3y ago
If the credit network is going to charge you, say, 2% to process the transaction, why not make the user pay for that compared to much cheaper transaction methods, like direct bank transfers?
- tyingq 3y agoThe complaint is that the fee is often much higher than the actual cost. Actual cost, of course, varies by card type. Debit cards, for example, have a VERY SMALL average processing fee, AMEX has a large fee. Also, "minimum fees" that end up being much higher than the actual cost.