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chrischen
on Feb 16, 2019
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Visa, Mastercard mull increasing fees for processi...
They are doing this. Also, there are fees from credit card fraud as well to factor in.
Wowfunhappy
on Feb 16, 2019
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I was under the impression that was factored into the 2–3%. Not true?
chrischen
on Feb 16, 2019
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Merchants are usually liable for fraud losses (both the loss in good or services + a fee imposed by the bank for the privilege...). This is on top of the transaction costs. Those transaction costs do not cover fraud liability or losses.
Consider applying for YC's Spring batch! Applications are open till Feb 11.
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