Credit Card Fees Paid By Merchants

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Posted: Wed Jan 12, 2005 11:02 pm
Post subject: Credit Card Fees Paid By Merchants
Joseph Freeman
Date: 8/14/2000 6:26 pm CDT

I am about to draw up a business plan for a business idea I have had. It would involve hefty research into what deals are on offer for the retailer.

Could you advise me where I would be able to find what percentage of a credit card purchase by a consumer goes to the retailer?

I'd gratly appreciate your help.

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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archive
Posted: Wed Jan 12, 2005 11:02 pm
Post subject: Credit Card Fees Paid By Merchants

Board Monitor - CA
Date: 8/14/2000 11:24 pm CDT

Joseph,

Thanks for your recent inquiry! Our site is mainly geared toward consumers, but I hopefully the following info. will be helpful. A general response to your question is 95%-97.5% depending on various factors. You can find a more detailed explanation at the following web site (look for the subheading entitled "Understanding your merchant provider’s rates and fees").

http://www.internetact.com/how-credit-card-processing-works-2.htm

Hope this helps.

Best Regards,
Curtis Arnold
P.R. Director
CardRatings.org

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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