Originally Posted by
comptalk
It's actually illegal in some States like CT and NJ. 4% is crazy. Not CC processor charges that. I'm with my bank for one of my businesses, and I think I 2.95% + 0.15 per successful transaction.
Might be illegal but it's pretty much unenforceable now thanks to recent court rulings.
Also, once you consider the per-transaction fee, it's very possible that smaller purchases can cost some merchants more than 4%.