(VU-Study-Corner) MGT 411 GDB SOL

Post: #1 Post: #1 MGT 411 GDB SOL  EXTRA CHARGE FOR USING A CREDIT CARD When a merchant gives a credit card slip to the credit card company or bank for processing, a percentage of each purchase—usually 1.5% to 5% of the purchase amount—is deducted. This "merchant discount fee" helps pay for the bank's services and for the credit card system. By charging extra for credit card use, the merchant passes the discount fee on to customers. EXTRA CHARGE FOR USING A CREDIT CARD When a merchant gives a credit card slip to the credit card company or bank for processing, a percentage of each purchase—usually 1.5% to 5% of the purchase amount—is deducted. This "merchant discount fee" helps pay for the bank's services and for the credit card system. By charging extra for credit card use, the merchant passes the discount fee on to customers.

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Muhammad Sarim 

https://www.facebook.com/sarim.sarwar

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