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I doubt that all QTs are going to do this, but credit card

Posted on: December 28, 2024 at 17:33:58 CT
JeffB MU
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companies do charge significant fees and even debit card transactions are charged (lower) fees.

Credit Card Processing Fees

Credit Card Fees for Big Retailers: Credit card companies charge big retailers a fee for processing credit card transactions, which can range from 1.5% to 3.5% of the transaction total.

Visa: charges an average interchange fee of 1.4%-2.5%
Mastercard: charges an average interchange fee of 1.5%-2.6%
Discover: charges an average interchange fee of 1.55%-2.5%
American Express: charges an average interchange fee of 2.3%-3.5% These fees can vary depending on the type of card used, the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Additionally, big retailers may be able to negotiate lower fees with credit card companies due to their large transaction volumes.
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MESSAGE THREAD

QT no longer accepting cash, debit or credit, only electroni - TigerFan92 STL - 12/28 16:03:41
     I texted my kid who works for them. He said it wasn't true. - shorty MU - 12/28 17:39:14
          Well it is written right on the counter. Maybe they should - TigerFan92 STL - 12/28 18:26:19
               maybe you’re both idiots (nm) - pickle MU - 12/28 18:29:22
                    For sure - Tigrrrr! MU - 12/28 18:53:35
          lol (nm) - pickle MU - 12/28 17:42:28
     No - Wildcat KSU - 12/28 17:35:33
     lol (nm) - pickle MU - 12/28 17:31:41
     Where do you see this?(nm) - tigerNkc KC - 12/28 16:53:44
          Written on the tape on the counter(nm) - TigerFan92 STL - 12/28 17:18:46
               Might be for lottery tickets only(nm) - alstl MU - 12/28 20:36:16
               this is a solid source if you are into conspiracies and - noodle MU - 12/28 17:26:06
               may just be your store in the hood (nm) - SwampTiger MU - 12/28 17:20:49
          i'm gonna go way out on a limb and say this is bs. (nm) - noodle MU - 12/28 17:16:08
     RE: QT no longer accepting cash, debit or credit, only electroni - meatiger MU - 12/28 16:51:40
          RE: QT no longer accepting cash, debit or credit, only electroni - TigerFan92 STL - 12/28 17:19:40
     I don't like it, but convenience stores are victims of armed - shorty MU - 12/28 16:41:14
          do you believe everything you read on the internet? (nm) - pickle MU - 12/28 17:32:29
          How do credit and debit cards cause robberies?(nm) - TigerFan92 STL - 12/28 17:20:24
               I doubt that all QTs are going to do this, but credit card - JeffB MU - 12/28 17:33:58
               OP's post mentions cash in the subject line. - shorty MU - 12/28 17:31:32
     Cash is king.... - CulturedDan MU - 12/28 16:40:28
          Agree(nm) - tigerNkc KC - 12/28 16:54:41
     whats the difference between debit and electronic payment? - JG MU - 12/28 16:16:24
          they've had an app that connects to your checking acct - SwampTiger MU - 12/28 16:19:42
               I can see why a company would not want to take - JG MU - 12/28 16:26:22
                    Debit cards are still processed by credit card companies. - shorty MU - 12/28 16:56:50
                    They probably don't get charged as much by the bank. (nm) - JeffB MU - 12/28 16:27:52
                         They don't have to pay credit card fees, which are insane! - shorty MU - 12/28 16:46:42
                         it may have changed , but I was never charged for - JG MU - 12/28 16:29:40
                              The store is charged by credit card companies. - shorty MU - 12/28 16:48:14
                              it has changed (nm) - SwampTiger MU - 12/28 16:44:19
     Time to skip that place permanently. (nm) - Newcatbirdseat MU - 12/28 16:09:20
     Since when? I pay cash there all the time(nm) - raskolnikov MU - 12/28 16:04:54
          January 1 2025(nm) - TigerFan92 STL - 12/28 16:05:51




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