Business Credit Card Charges
Published / Last Updated on 28/02/2019
The Great British Business Card Rip Off for businesses that accept card payments are:
- Charged monthly to have a card merchant account
- Charged a % of the transaction fee by the card merchant
- Not allowed to charge for accepting personal credit or debit card payments
Businesses that use a Business Credit & Charge Card when spending:
- Charged a transaction fee each time you use your card by your card issuer
- Charged a transaction fee by the organisation that you are buying goods/services from each time you make a purchase
Why is it that personally, we pay no charges for using a bank card or credt card yet when a businesess, does the same, it becomes:
A Great British Business Card Rip Off for businesses that accept card payments by being charged and when businesses pay on card they also get charged.
