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

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