Steve Fossett

Maxwell #$$9#@%%%.^^^ wrote:

"B A R R Y" wrote in message
...
| wrote:
|
| Transaction fees are also usually tied to volume.
|
|
| Right! And the merchant's provider.
|
| Some smaller merchants actually get decent deals from small local banks,
| or discount consolidators like Costco Wholesale.
|
| Others have suffered shark attacks...

But does the individual sale amount ever vary the cost?

I don't take credit cards in my business, but all the offers made to me to
do so have always been a straight percentage.

The costs to the merchant are going to depend on the provider, the numerical
volume, and the money volume.

There is usually a monthly minimum fee.

For a retail business with high volumes, the minimum becomes a non-issue
and the rate is normally a straight percentage.

If the business is such that credit card volume is really low, the fees
can easily eat up all the profit.

Like everything else in life, it depends.


--
Jim Pennino

Remove .spam.sux to reply.

wrote in message
...
| Maxwell #$$9#@%%%.^^^ wrote:
|
| "B A R R Y" wrote in message
| ...
| | wrote:
| |
| | Transaction fees are also usually tied to volume.
| |
| |
| | Right! And the merchant's provider.
| |
| | Some smaller merchants actually get decent deals from small local
banks,
| | or discount consolidators like Costco Wholesale.
| |
| | Others have suffered shark attacks...
|
| But does the individual sale amount ever vary the cost?
|
| I don't take credit cards in my business, but all the offers made to me
to
| do so have always been a straight percentage.
|
| The costs to the merchant are going to depend on the provider, the
numerical
| volume, and the money volume.
|
| There is usually a monthly minimum fee.
|
| For a retail business with high volumes, the minimum becomes a non-issue
| and the rate is normally a straight percentage.
|
| If the business is such that credit card volume is really low, the fees
| can easily eat up all the profit.
|
| Like everything else in life, it depends.
|

Agreed, but let me rephrase. Has anyone accepting Visa ever been charged a
higher percentage on transactions because they were under $10 or $15?

I had never heard this before.

Morgans wrote:
wrote

Because of the fees the card companies charge, I rarely charge
anything under about $15. The merchant can actually be left with
nothing.
In the cases of certain small, family business, I won't use the card
at all, and they appreciate that.
****************************

Jim in NC wrote the following:

I thought it was always a straight percentage of purchase, no?

I'm not going to say always because I'm sure there are people out there
that negotiated bad CC processing deals. But the industry norm now is
either a flat negotiated percentage or a negotiated percentage that goes
up or down depending on volume. The key word in both is negotiated.

If you don't like the deal you are getting as a credit card merchant
shop for a new processor.