<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Centurion:
You have not concept on how merchant agreements work...Your "merchant friend" is dumb or your dumber. Someone is eating the Merchant fee of 1% to 3.5% so on five grand your friend is losing over a $100 bucks which could be in his pocket.
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No ... I was just trying not to muddy the waters.
I assumed I would make good on the fees so that he would not be out any money. This is the figure I would use to determine whether it was worth it or not.
To repeat the numbers used above, 2% of $5000 is $100. On the DC/BA deal, this represents 10,000 miles, or one cent/mile. I repay the merchant the hundred bucks he is out, and I get the miles at a price I find agreeable.
Other percentages/airlines make the math different.
My merchant friend may be crooked, but not stupid.
