![]() A typical value would be something like $0.20 + 1.5%. The exact values of X and Y vary based on the card, the type of transaction, the type of business, how often cards at that particular establishment get reported for fraud, etc. The fees charged to the business are usually in the form of $X + Y%. That's why you get credit cards with rewards and why disputed transactions are resolved in the customer's favor by default unless substantial evidence suggests that the dispute should be resolved differently. Credit card companies have a genius business model: make the cardholder love using the card, to the point where they'll choose where they shop based on where will accept the card, then charge the merchants for the privilege of accepting the card. ![]()
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