One thought on “How Do Credit Card Convenience Fees Work?

  1. Arti says:

    Businesses may have to pay for the software and hardware for processing credit cards, in addition to administrative and bookkeeping costs, too. While credit card convenience fees are a nuisance and an additional expense for consumers, businesses that charge the fee often have a legitimate financial reason for doing so. These fees add up to 2. 35%, on average, according to payment processor Square. Credit card processors, issuers, and networks charge a fee on every credit card transaction that businesses run. 87%-4.

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