B2B merchants pay higher payment processing fees because most of their transactions are done on corporate credit cards.
Bankcard (credit, rewards, check, corporate, government, debit) transaction usually fall into one of three possible certification levels, they are:
1. Qualified - Consumer card present at point of sale. The merchant pays about 1.7% of the sales amount for this type of transaction.
2. Mid-Qualified - Consumer card NOT present at the point of sale. These are transactions done on the phone or Internet and the merchant pays about 2.7% of the sales amount for this type of transaction.
3. Non-Qualified - Corporate or Government card. The merchant pays about 3.5% of the sales amount to process these payments.
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Hi Tom, Thank You for your nice email.
ReplyDeleteIsn't it interesting, trying to sum your whole self into a line or two.
It is very nice to meet another seeker of truth and beauty, though to be honest, Finance doesn't interest me, Soz.
My Hub. is a foreign trader/ computer programmer, and even that is too much for me.
Cheers! Good Luck with it all. :D
Thanks for your reply. I don't know how to add more info to my blog. Maybe I cannot add more. But it is strickly for business and I doubt that many people will follow it. I am thinking of doing another blog listing the truth and beauty that I found and may find in the future. If I do, I will let you know about it. You may want to add some of your truth and beauty.
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