Did you know that rewards cards cost a retailer more?

[Dulanic]

I am still right that there I no extra fee for reward cards I promise. I'm in the business I know very well how this works. It is possible for most reward cards to be signature or world cards and have higher fees. However just because some of them are different card types not all are. Not all reward cards are higher free cards not are all higher fee cards reward cards.

There is no seperate charge for reward visa or mastercards from the interchange period.

 

[dullard]

I am still right that there I no extra fee for reward cards I promise. I'm in the business I know very well how this works. It is possible for most reward cards to be signature or world cards and have higher fees. However just because some of them are different card types not all are.

There is no seperate charge for reward visa or mastercards from the interchange period.

Time for you to get into a business you understand.

 

[Dulanic]

Time for you to get into a business you understand.

Lol whatever. Go find me the "reward" flag in a transaction please. I promise it is impossible to even know the transaction came from a reward card. They can see the card type (signature, world etc) however reward is not one of those types. Again not all reward cards are signature for example and not all signature cards are reward cards.

 

[dullard]

Lol whatever.

If the shoe fits.

Interchange fees aren't the only fees. Plus I linked the very clear Visa schedule showing traditional rewards vs standard cards with a different fee. If you don't understand that part, it is time for you to find a better fitting career.

 

[AnonymouseUser]

Credit card usage costs retailers more, who then pass those savings (losses) on to the customer. Everyone pays more, it's just the reward card users who pay slightly less more.

 

[Dulanic]

If the shoe fits.

Interchange fees aren't the only fees. Plus I linked the very clear Visa schedule showing traditional rewards vs standard cards with a different fee. If you don't understand that part, it is time for you to find a better fitting career.

I've worked with visa debit mastercard debit and mastercard credit all of which don't have a separate reward fee. I will be verifying the details with my visa rep the full details on visa credit. If I am wrong it is with that one card type. Either way reward is still lower than some other cards.

 

[dullard]

I've worked with visa debit mastercard debit and mastercard credit all of which don't have a separate reward fee. I will be verifying the details with my visa rep the full details on visa credit. If I am wrong it is with that one card type. Either way reward is still lower than some other cards.

Be certain to ask about ALL fees a merchant may pay and all forms that might occur. Interchange fees are just a part of the picture.

 

[AznAnarchy99]

The only reason places around here accept cash only is so they can lie on their income

 

[Meghan54]

I've worked with visa debit mastercard debit and mastercard credit all of which don't have a separate reward fee. I will be verifying the details with my visa rep the full details on visa credit. If I am wrong it is with that one card type. Either way reward is still lower than some other cards.

Quit being obtuse. No one said there was a separate reward card charge.

What has been said and shown and documented is that rewards cards incur higher transaction percentages charged to the retailer than lower level cards. And the only way the retailer will ever know is to do a detailed printout of his/her daily dump to the merchant bank/account.

 

[Meghan54]

The only reason places around here accept cash only is so they can lie on their income

There's that and maybe the retailer wants to keep more of what comes in as sales in his pocket instead of paying the merchant bank.......

 

[AnonymouseUser]

There's that and maybe the retailer wants to keep more of what comes in as sales in his pocket instead of paying the merchant bank.......

This is exactly why I am considering going cash only. The fees are constantly increasing. Last year I paid ~8% in fees, though this year it might be a lower percentage due to higher sales (and more CC transactions overall).

 

[shortylickens]

I thought you meant Staples Rewards or VIC card.