In response to
"The sushi spot near my place raised their credit card min to $10 from $5. I usually get something around $7. This change wil llikely decrease the "
by
James Bond (aka Igor)
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google sez current rates are ~20-30 cents per transaction plus a percentage between .5 and 5%, plus statement fees,
Posted by
b. (aka starrynit)
Apr 2 '15, 19:21
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fees if minimums aren't met, and sometimes fees for the actual gateways. also, there's the time of whoever is doing the financials for the business.
I think most people will pay the few extra dollars, because it's a few extra dollars.
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