"Vladimir Z. Nuri" <vznuri@netcom.com> said:
Card Imprints taken with no online authorisation are typically charged a transaction fee of 3-6%: with authorisation, 1.5-3%. ATM card transactions are charged at around $0.10 per transaction.
VZN> are you saying that a typical mail order credit card transaction VZN> has a 3-6% charge, because the card is not physically present? No, s/he was talking about merchants who verify that you have the credit available (online authorization) vs those who trust you to have it (no online authorization). As I understand it, the fee is 'insurance' that the merchant will be paid - as long as there is no fraud on the part of the merchant, it will receive payment, even if the charge was invalid, because the card was canceled/stolen/over limit/etc. The lower charge for online authorization is because when the charge comes back approved, the CC company is able to verify that the credit is there. This isn't foolproof (2 separate charges, each under the available credit, can be approved even if the total exceeds the available credit), but it's more than the offline merchants can do. -- #include <disclaimer.h> /* Sten Drescher */ To get my PGP public key, send me email with your public key and Subject: PGP key exchange Key fingerprint = 90 5F 1D FD A6 7C 84 5E A9 D3 90 16 B2 44 C4 F3