Originally Posted by
joshwex90
This leads to a separate question, but when a customer swipes a card, how many fees are involved? I imagine at the bare minimum, Chase (the issuer for example), Visa, and the merchant's payment processor are all getting a fee. Does the merchant need to negotiate 3 separate fees?
It less that the merchant, such as Essence Bakery, negotiates the fees, than the many, slightly-differently calculated fees are imposed upon the merchant in their bill from the processor.