seventy-five cents based on that hundred dollar value of that transaction so we’re going to debt duck that dollar seventy-five from the and once again interchange that . which is the and a dime for interchange goes to the issuing bank so well as far as it’s going to get that in this scenario and what are they going to do with that money well that helps
to make the cards shift the cards it helps them watch out for card fraud protect for it protect it they offer rewards cards programs air miles cash back and then they send monthly statements to the consumers for that as well what are some of the other fees today now in the past you know go back about ten years ago Visa Mastercard were both
nonprofit companies so all they needed to do was worry about making enough money to get them through each individual year and not have a whole lot left over at the end of the year but then they both became public companies and now the answer to the stockholders so the stockholders are very interested in seeing their money grow so with that being said over the last few years there have been a lot more dudes assessments and fees that
have been charged to merchants obviously Adelaide Tax Accountants the merchants aren’t too excited about it but this is what helps pay for that keep them keep them a productive it helps them continue to expand different ways of moving money for us and once again give value to everyone involved in that transaction so what we’re going to do now is we’re going to go through some of the additional fees you might see on statements as you do an analysis news and
assessments basis points for visa mastercard and discover basis points for MX what does that cover once again they’re going to utilize that money to run their business create the Association rules regulations networks things like that and then they also charge a fee the visa charges what’s called an AP FB that stands for a choir processing fee basically it’s two cents nabu network access brand you
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