Quote:
Originally Posted by Cloud
Well 3.5% fee is way more than Mastercard or Visa would charge MA.
This is why i put forward my opinion that it is possible MA does take a fee for themself, on top of Credit Card fee.
Like i said, thats more than i pay Mastercard and Visa. |
Its about the norm for those cards, especially taking online as its viewed as high risk. I once started a business selling things online and decided to get a credit card merchant account to accept payments by card, 3.5% was around about what was charged for each transaction. There was also a monthly fee of about £15 as well.
The main reason is that as merchants you don't deal with Mastercard or VISA directly but through a third party, whether thats a bank or dedicated clearing house. And they charge their fees on top as well.
For withdrawals, thats a bank transfer and again a business will pay for the electronic transfer. With my business bank account I have to pay £10 to send money internationally to another bank account. So I wouldn't be surprised if Mindark pays something similar.
For me receiving an international transfers there also a charge of about £10 plus associated currency charges for conversion.