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malena /
npub17lp…0szx
2024-05-10 19:09:15

malena on Nostr: For ever $1000 you purchase at a small business... pay by credit card: about $30 to ...

For ever $1000 you purchase at a small business...

pay by credit card: about $30 to credit card corporation, $970 to small biz

pay by cash or paper check: $1000 to small biz

pay by e-check: about $10 to banks, $990 to small biz

most small businesses have 10-30% profit margin, so a 3% credit card fee may actually be 1/10 -1/3 of their profit on your transaction
Author Public Key
npub17lpdux73xa9nqvlhvhtrsr7vwh0kmphl5cs4pdpcswtt79klmhpq450szx