<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by CanuckFlyer:

That, to the best of my knowledge, is false. The store pays 2-4% on net charges: purchases minus refunds. So in a given day if a merchant has $10000 in purchases and $1000 in refunds, they pay the credit card company 2-4% of the net $9000. If the merchant has a day where there are only credits, the credit card company refunds them the 2-4%.

Others: isn't this the case?

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