Understanding the Economics of Loyalty Programs
Sep 20, 2024 | 3:27 am
#16
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You are in Australia, as I recall, where there are legal limits on the merchant fees. In the US it is much more of a free for all. It also depends on the deal that the merchant is able to negotiate with their selected payment processor. For a Visa Infinite card it can approach 3% I have heard.
Sep 24, 2024 | 8:15 am
#17
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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?