Re: Receiving payments by credit card

Lauchlan M wrote:

I think their point was that either way they are putting through a
sale and the payment gateway does the same work (one electronic
transaction). In one case they get paid 40c, in the other $40. For
doing exactly the same thing.

So if you sell more expensive products, you pay more per transaction
- for the same job done (one credit card payment received and
processed).

Well that's kind of how percentages work! If you carry a balance of $100 on
your credit card, you'll pay a lot less than if you carry $1000, the credit
company isn't doing any more work there either to process your account. I
don't know why one company is being centered out for such a thing, it has
got to be the most common way of charging for services there is - interest
rates, taxes, royalties, all are based on percentages.

--
Wayne Niddery - Logic Fundamentals, Inc. (www.logicfundamentals.com)
RADBooks: http://www.logicfundamentals.com/RADBooks.html
"In a tornado, even turkeys can fly." - unknown


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Relevant Pages

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  • Re: Beware of Paypal as a seller
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  • Re: Receiving payments by credit card
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    (borland.public.delphi.non-technical)