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If I use a CC to pay in app, there’s still a fee. Is an IAP considered lower risk, so lower fee than a physical card at a terminal?
by alistairSH 3y ago
If I use a CC to pay in app, there’s still a fee. Is an IAP considered lower risk, so lower fee than a physical card at a terminal?
- chucksmash 3y agoThe cost for a vendor processing CCs is something like (iirc) 3% of purchase price + $0.10. The benefit to vendor of selling you credits (aside from the fact that you might not use them all), is that they only have to pay the $0.10 portion of the fee once for every, say, $20 worth of washes instead of paying the flat part of the fee every single wash.