News for hackers. Stuff that matters.
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.
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.