@pipeguy wrote:Impossible question - the rate(s) vary depending on total volume, average sale and type of business including actual store or online only. Rates are set by your network provider - allowing a profit - not by the actual processor (MC/V/AE/Dis)
An example would be you get your card processing services through the bank you use for your business. MC/V actual network charges 1.50%, you have a $20 average sale and very few charge backs, with say $1,000,000 in expected sales per year, so your bank adds 1.0 % plus a monthly service fee of $75 and a 20 cent per sale fee.
The above is just an example, every part of it is variable except the actual MC/V/AE/Dis network cost, but that is between the network and your processor - think wholesale cost, where YOU pay retail cost marked up by your local processor. Obviously Walmart or CVS gets a different rate than the local Sub-shop. Internet only retailers, unfavored businesses such as tobacco, tatoos, pawnshops, etc pay a higher rate due to higher fraud-charge offs and because the provider "can" charge more.
When I ran my businesses, I paid (after 18 years, slowly going up) 2.75% MC/V and 3.95% AE, NO per item charge, $30 a month service charge, $100+ average sale and "zero" charge backs (maybe 1 per year on a bad year) - NO free standing stores - direct sales of products. I have no experience with "services" such as a doctors office, but I suspect its similar.
I am just curious as an ownder of business do you price in cc swipe fees to how much you charge for items, regardless if people pay via cash or credit. I was just wondering .
@purebulldogs500 wrote:
Amex must charge a lot these days. Im encountering more and more places that take everything but amex. Amex may turn from my main card into my backup card. A few shops in my local mall didnt take it today which was surprising. Seems like I used it at those stores before.
there is town near where i live where i don't think anywhere takes amex, QS has turned into my everyday card because of that.
