Quote:
Originally Posted by Praxeas
I see...I use my debit card to pay 1 cent and end up paying more for using my card.....wait I got it! Someone there will use my card fraudulently to buy up remaining copies of David Bernard's "The Oneness of God"!
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My brother works for a credit card processor... and according to him, credit card transations typically cost the vendor several cents each (I'm thinking like .30 or .40 if I remember correctly)... this is why that many places, especially small mom and pop shops do not like to take credit cards for less than a certain amount (ie $5.00 minimum purchase for credit card transations).. this ensures that they are making enough profit to cover the cost of the credit card transaction. YOU are only paying .01 cents... but the vendor may end up paying $.30 to make the .01