Originally Posted by
cashback
There is no way the merchant has to pay 3% swipe fee on VR/GCs. I mean I could be wrong, but that'd be a huge loss for the store. I wouldn't see why any place would allow VR/GC purchases with CC if they have to pay a full swipe fee...
Visa GC purchase for example consists of two parts:
- "card itself"/activation fee - $4.95 (+-$1-2)
- "debit load" - $500
The latter might transacted differently in Visa network, lower fees if any...