Credit Card Transaction Percentages for Businesses
Author: credithelp
Posted: Fri Feb 04, 2005 10:23 pm
Post subject: transaction percentages
What is the typical transaction percentage that the issuers get each time we swipe the card? I've always heard around 1-2% and more for issuers like discover and amex but not sure if that is right or not.
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Author: Polonius
Posted: Sat Feb 05, 2005 2:35 am
Post subject: Credit Card Transaction Percentages for Businesses
Most processors charge 1%-4% plus a transaction fee of 20 cents to 50 cents. There are also monthly charges, statement charges, gateway charges, authorization charges if done manually or by phone rather than through a terminal. Rates can vary with average size of ticket per month, total volume of sales per month, and type of business. All is negotiable.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Sat Feb 05, 2005 5:10 am
Post subject: Credit Card Transaction Percentages for Businesses
A national or large regional retail store such as Home Depot or Target Stores will have a negotiated rate well below 1% on MasterCard & Visa.
Amex used to be the highest at around 5% but it's been years since I checked into it and competitive pressures may have forced that rate down.
Author: Board Monitor
Posted: Sat Feb 05, 2005 10:19 am
Post subject: Credit Card Transaction Percentages for Businesses
Here's an interesting related article about Walgreen's recent decision to stop accepting AmEx. After a month or so, they changed their mind! Apparently they were able to negotiate a more favorable discount rate.
http://cstorecentral.com/NACS/News/Daily_News_Archives/January2005/nd0125055.htm
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri Feb 04, 2005 10:23 pm
Post subject: transaction percentages
What is the typical transaction percentage that the issuers get each time we swipe the card? I've always heard around 1-2% and more for issuers like discover and amex but not sure if that is right or not.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Sat Feb 05, 2005 2:35 am
Post subject: Credit Card Transaction Percentages for Businesses
Most processors charge 1%-4% plus a transaction fee of 20 cents to 50 cents. There are also monthly charges, statement charges, gateway charges, authorization charges if done manually or by phone rather than through a terminal. Rates can vary with average size of ticket per month, total volume of sales per month, and type of business. All is negotiable.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Sat Feb 05, 2005 5:10 am
Post subject: Credit Card Transaction Percentages for Businesses
A national or large regional retail store such as Home Depot or Target Stores will have a negotiated rate well below 1% on MasterCard & Visa.
Amex used to be the highest at around 5% but it's been years since I checked into it and competitive pressures may have forced that rate down.
Author: Board Monitor
Posted: Sat Feb 05, 2005 10:19 am
Post subject: Credit Card Transaction Percentages for Businesses
Here's an interesting related article about Walgreen's recent decision to stop accepting AmEx. After a month or so, they changed their mind! Apparently they were able to negotiate a more favorable discount rate.
http://cstorecentral.com/NACS/News/Daily_News_Archives/January2005/nd0125055.htm
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 4:52 PM
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