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@collegeitdept interchange reimbursement charts are Googleable. Typical effective (debit/credit) rate about 1.2% for most small merchants.
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@BrianRoemmele wow. 1.2%. Where are people and retailers coming up with the 3-6% credit fees? When complaining about credit? -
@collegeitdept this is the popular media %. If interchange is about 1% effective rate for retail and markup is 0.75, 5% is insane. - 3 more replies
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