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From: wildbill@ucbvax.UUCP (William J. Laubenheimer)
Newsgroups: net.consumers
Subject: Credit Card Cost to Merchants
Message-ID: <319@ucbvax.UUCP>
Date: Thu, 19-Apr-84 04:25:54 EST
Article-I.D.: ucbvax.319
Posted: Thu Apr 19 04:25:54 1984
Date-Received: Fri, 20-Apr-84 01:11:30 EST
Organization: U.C. Berkeley
Lines: 11

It probably varies according to the card. The numbers for VISA and MC are
3%, i.e., if you charge $100 worth of merchandise, the local bank serving
as the clearinghouse will reimburse the merchant $97. I don't know if
there are any additional fees for such things as merchant imprint plates,
authorization fees, etc. Your best bet is probably to
find a friend who runs a small business accepting cards (this is how
I found out) and check with him/her.

                                        Bill Laubenheimer
----------------------------------------UC-Berkeley Computer Science
          ...Killjoy WAS here!          ucbvax!wildbill