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What is the merchant fee deduction shown on the statement?

April 26, 2017deduction fee merchant

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What is the merchant fee deduction shown on the statement?

2 Answers

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The merchant fee is approximately 3% ($15) charged by most credit card companies to the vendor (the company). Since the company is collecting the funds on the Diamond Collectors behalf, the Collector pays the fee. Therefore, you will see this deduction on the statement. AMEX charges 4%.

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Posted

The merchant fee is approximately 3% ($15) charged by most credit card companies to the vendor (the company). Since the company is collecting the funds on the Diamond Collectors behalf, the Collector pays the fee. Therefore, you will see this deduction on the statement. AMEX charges 3.5%.