Steve Fossett

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?
--
Jim in NC

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.