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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Mon, 9 Oct 2000 17:22:02 GMT
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Viewed:
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1969 times
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In lugnet.market.services, Frank Filz writes:
> One problem they have for credit cards is that there isn't much competition in
> the credit card world (or can a business pick a card servicing agent the same
> way the consumer gets to pick the bank which handles their account?). I'd be
> curious as to what the lowest rate is available for credit card processing.
Yes, merchants can choose a servicing agent or bank. There are lots out there.
Even Costco is getting into the act, contracting with a servicer to provide CC
service to executive memebers for 1.75% (or maybe less - I didn't notice).
Other than MegaStores, which have the volume to negotiate prices close to 0%,
this Costco program price is the best I've notice.
Of course, you have to become an executive member of Costco at $100 per
year....
Paul Sinasohn, who is only a gold star member....
LUGNET #115
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Message is in Reply To:
 | | Re: PayPal Changes
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| (...) One problem they have for credit cards is that there isn't much competition in the credit card world (or can a business pick a card servicing agent the same way the consumer gets to pick the bank which handles their account?). I'd be curious (...) (25 years ago, 7-Oct-00, to lugnet.market.services)
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