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[–] 4 points 1 year ago (2 children)

Visa and Mastercard processing fee is slightly less than 2% of a total operation. Who takes the rest?

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  • [–] 1 point 1 year ago* (last edited 1 year ago) (2 children)

    I don't know what payment service was used here. It is only around 2-3% on my invoices.

    edit: Seems in the US a bunch of other stuff (like cost of running a website, insurance) can be included in the service fee.

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  • [–] 2 points 1 year ago* (1 child)

    2-3% is insane. It boggles my mind how it became accepted to pay almost everything with a credit card in america.

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  • [–] 1 point 1 year ago*

    I'm not American but I got one with my bank account a few years back and I do use it a lot. It makes online payments super convenient. And with offline shopping it's the vendors that eat the fee, so also no downside for the consumer (though I tend to use the debit card for that).

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