@ my university I was paying with a Mastercard Debit and it stated an additional $10 fee would be added to the total, and When I went to purchase an ID fro the DMV it said the same thing but the fee was $2
2007-08-31 07:29:41 · 2 answers · asked by Fruitful1 3 in Business & Finance ➔ Credit
Well government agencies charge the fees to offset their costs in accepting credit cards. The university probably is doing the same. However, if you have a debit card that isn't the same as a credit card.
2007-08-31 07:42:43 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
The merchants have to pay a percentage of each transaction run as a credit or debit. Typically the charge is between 1 and 3%. Some merchants pass this fee onto customers as a separate charge, while others build the cost into their normal pricing to offset transaction processing fees.
2007-08-31 15:01:46 · answer #2 · answered by jrod57 2 · 0⤊ 0⤋