02-18-2008, 12:59 PM
So you all know, vendors negotiate their fee structure at the time they establish a contract with Visa based on volume and dollar packages. Most businesses pay between 1.5-3% for Visa and Mastercard, ~4% for AMEX, and 6+% for Discover. Places like Walmart pay a flat fee per month based on their volume. Out here, you'll find that many gas stations have cash v. credit prices. Others like ARCO charge you a flat 45 cent fee if you use card.
Now, where it's a scam is if you use a debit card, as the ATM network does not charge any fees.
Now, where it's a scam is if you use a debit card, as the ATM network does not charge any fees.
05 S/C "Elixige"
07 Mazda 3S - commuter car
99 YZF-600R - commuter bike
07 Mazda 3S - commuter car
99 YZF-600R - commuter bike