@collegeitdept if any retail merchant is paying over 2% effective rate, they are paying too much. Post Durbin debt rates are less then 1%.
@collegeitdept 2) To be fair, these entities take risk when cardholders do not pay or go bankrupt.
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@BrianRoemmele so small merchants never pay? "Charge backs"? -
@collegeitdept The chargeback is always on any merchant but in retail it is not common because a card was present. - 4 more replies
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