Has anybody “truly” looked at each individual transaction fee description on their statement??? After trying to save money and switching from Worldpay to Sams Club First Data card processing, I went thru each line of fees and after being on the phone for literally 2 hrs with First Data, I discovered that when a customer adds a tip onto their credit card and we as merchants key in that tip you get slammed for it with a fee called “transaction cleared other than priced”. I had exactly 11 tips added on in March and at an average of $2 per, I was charged $5.81, so for $22 worth of tips I only actually received $16.19. So to offset this I am no longer accepting tips thru credit cards, I am asking customers to tip in cash
Honestly I am soooo freaking sick & tired of this monopoly fee crap these credit card companies are charging us merchants
Honestly I am soooo freaking sick & tired of this monopoly fee crap these credit card companies are charging us merchants
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