Sebastian Pokutta's Blog

Mathematics and related topics

Credit card fees

leave a comment »

Did you ever wonder how much merchants are charged when you use your credit card? The website True Cost of Credit provides you with these numbers for major credit card providers – the numbers are for the US though. Given that the fees are not insignificant (somewhere between 2-4% in most cases and can go as high as 18% for e.g. gums) one could easily imagine that these fees eat up a lot of the profit margin or in turn are at least partially passed on to the customer.

Written by Sebastian

January 29, 2009 at 8:35 am

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: