Originally Posted by
josephstern
Yup - I'm a business, and I use that program, and I pay a minimum of 1.99% (plus a per transaction charge) for the best of circumstances, and up to 3.6% for the worst (some combination of reward and business cards). And that's not even getting into Amex.
If you want to see an industry rife with confusion, this is it. They generally can't tell you which transactions bumped to higher rates, much less why. They can only give you a list of general possibilities, which include things like address matching, rewards, business cards, days between authorization and capture, etc.
If someone where to use a Schwab 2% rebate card to purchase goods or services from you, would you see how much Costco took for the transaction? If you could, it would be interesting to know that answer? I assume you say "that's not even getting into Amex," because it costs you substantially more to take Amex than other cards?