03-30-2020, 07:07 AM
considering what it costs for processing,
If it's considered a mail order transaction, when the card holder gives you the number but is not there in person with the credit card, processing fees can run 2.5%-3.5% depending on the card. Rewards cards are always a percent or more higher because it's not your credit card company that provides you with the reward, but the merchant.
So on a $200 car registration, credit card merchant services will take $5-$7.
If it's considered a mail order transaction, when the card holder gives you the number but is not there in person with the credit card, processing fees can run 2.5%-3.5% depending on the card. Rewards cards are always a percent or more higher because it's not your credit card company that provides you with the reward, but the merchant.
So on a $200 car registration, credit card merchant services will take $5-$7.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves