0
The purchaser's bank (that issued the credit card) and the vendor's bank (with whom the charge slip is lodged by the vendor) charge a percentage of the purchase amount. This amount essentially comes from the amount that is payable to the vendor. As a result, the vendor gets about 1 to 3% less than what he would have received had the transaction been paid for by cash. Some vendors hence tend to charge higher if you use your credit card A merchant has no right to charge more if you use a credit card, although they might offer a discount for cash. Adding a surcharge to a credit card transaction would most likely violate the merchant agreement with the credit card company. For example, VisaUSA Rules: "Always treat Visa transactions like any other transaction; that is, you may not impose any surcharge on a Visa transaction." Violation may result in penalties, suspension or termination.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
You Use a credit card for this ending in E?
CHARGE
What is a 6 letter word for use a credit card for this?
charge
6 letter word for use a credit card for this?
CHARGE
Does it charge you if you use your cash pay card as a credit?
In June 2010
Use a credit card for this 6 letters with a j sound?
charge
What are some credit card machines that are free to use?
Many credit card machines are free to use and don't put a charge on the credit card. Some of these machines include the First Data FD50Ti and the Verifone VX 520.
Do you Think Web Browsers vendors know The users credit card numbers?
They would know your credit card number only if you gave it to them. (Usually for a purchase.) Otherwise, the browser does not capture and transmit your credit card number when you use it. You always should verify that Web transactions containing a credit card number are secure.
Can a fuel companies charge more to use a credit card?
In the United States, some states allow a discount for cash if a person does not use a credit card, other states do not.
What is the difference between a charge card a debit card and a credit card?
Credit card-You can use a credit card to buy things and pay for them over time. But remember, buying with credit is a loan-you have to pay the money back. What's more, if the credit card company sends you a check, it's not a gift. It's a loan you have to pay back. In addition to the cost of what you bought, you will owe a percentage of what you spent (interest) and sometimes an annual fee. Charge card-If you use a charge card, you must pay your balance in full when you get your regular statement. Debit card-This card allows you to access the money in your checking or savings account electronically to make purchases
When booking a flight online can the carrier charge you?
Only for a payment by credit card use mistro or switch there is no charge for these cards.
Can you use your credit card for foreign currencies and is there any extra charge to this?
You can use your credit card to charge items that are priced in different currencies. Most consumers who travel overseas do this. The exchange rate is factored, according to the contractual terms on your account, and your billing statement then shows the charge in U.S. Dollars. Whether or not there is an additional charge would depend upon the fine print in your contract. Contact your credit card company for the specifics.
What word that has a J sound mean the same as use a credit card for this it ends with e?
charge
