Small & medium sized Businesses have tight profit margins, and higher fixed costs since Covid Tyranny lock-down. Where does the 3% come from on purchases?
The people who pay the 15% interest and the data they sell from purchases. I'm opening a business soon and plan on baking in 5% for swipe fees to the cost. Few pay cash so you're a fool if you don't. I also wouldn't trust X with the ban hammer. I keep "cash" in short term T bills (SGOV) and move the currency to my bank account when I need it. I think your best bet for a bank is a credit union.
Small & medium sized Businesses have tight profit margins, and higher fixed costs since Covid Tyranny lock-down. Where does the 3% come from on purchases?
The people who pay the 15% interest and the data they sell from purchases. I'm opening a business soon and plan on baking in 5% for swipe fees to the cost. Few pay cash so you're a fool if you don't. I also wouldn't trust X with the ban hammer. I keep "cash" in short term T bills (SGOV) and move the currency to my bank account when I need it. I think your best bet for a bank is a credit union.
That does not answer the question. Thanks for the information share.
The people who pay the 15% interest and the data they sell from purchases.
So the 3% is not coming out of the sales revenue earned by the Merchant?