Forum Discussion
kab449
Jan 17, 2014Explorer
I am a Visa/MC merchant. All I can say is someone down the line has a powerful financial incentive to get you to swipe as many times as they can. The statement I get at the end of the month contains a fixed charge per swipe and a percentage of the dollar total deducted from every transaction. The fixed charge is .40/swipe. Multiply this by millions of transactions and you get the idea.
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