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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