Subject:
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Re: PayPal Changes
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Newsgroups:
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lugnet.market.services
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Date:
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Sat, 7 Oct 2000 03:48:03 GMT
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Viewed:
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1218 times
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In lugnet.market.services, Frank Filz writes:
> The 1.9% rate is pretty reasonable (judging from the surcharge vendors
> at computer shows charge for use of a credit card, one would suspect
> that their rates are 3 [5% used to be common - it seems like their rates
> are either dropping, or they're getting cracked down on for having a
> surcharge higher than the rate they pay - of course they aren't supposed
> to have a surcharge, but it isn't necessarily unreasonable to have a
> surcharge, why should the business eat the cost?]).
I highly suspect that most surcharges hover around 2% - at least, that's what
I'm familiar with in the IT service industry. Not sure if retail gets a
different rate.
James
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Message is in Reply To:
 | | Re: PayPal Changes
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| (...) Considering that credit card transactions cost money this is reasonable. Ask how many stores don't pay fees every time you use a credit card there (this is one reason many merchants have a minimum charge for credit card purchases - though I (...) (24 years ago, 7-Oct-00, to lugnet.market.services)
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