Quote:
Originally Posted by Christien
Our merchant fees for Visa are 4%.
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You are in Canada?
May make a difference.
My experience is in MOTO, card not present transactions. Card present transactions rates are typically lower than MOTO.
Typical rates are between 1.5-2.5%. Rates are determined by a number of factors, average number of transactions, type of card, item, merchant performance etc....
If you have had good performance, few returns, few disputes, high volume, you may want to speak with your Merchant Bank and see if you can negotiate a better rate.