Re:Visa, Mastercard mull increasing fees for processing tran...
by kec on Friday February 15, 2019 @01:07PM
(#19173161)
It's been a while (~10 years) since I've had to deal with credit processing, but at least back then, discovers terms were pretty abusive for small businesses. In any month where we processed 1 or more discover transactions we had to pay a minimum fee of (iirc) $50. Given how relatively unpopular discover is the risk was just too high.
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Re:Visa, Mastercard mull increasing fees for processing tran...
by sjjshvuiajhz on Friday February 15, 2019 @01:48PM
(#19173566)
Wow, sounds like a clearly anti-growth policy. I wonder if they have some expensive accounting in the backend or something.