Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site brl-vgr.ARPA Path: utzoo!watmath!clyde!floyd!harpo!seismo!brl-vgr!ron From: ron@brl-vgr.ARPA (Ron Natalie) Newsgroups: net.consumers Subject: Credit Cards Message-ID: <2474@brl-vgr.ARPA> Date: Tue, 13-Mar-84 19:02:18 EST Article-I.D.: brl-vgr.2474 Posted: Tue Mar 13 19:02:18 1984 Date-Received: Wed, 14-Mar-84 20:31:51 EST Organization: Ballistics Research Lab Lines: 11 The charge that banks get on credit cards is called the "discount" AMEX is typically 8%. Visa and Master Card is typically 3% although high volume people can get it to 2-1/2%. I've seen it go to as low as 1-1/2% for non-profit organizations. In Denver, Rocky Mtn Bankcards even let the local PBS station have it for free during a fund drive. The charge for VISA and MC is negotiated with the bank that the merchant files his slips through. -Ron