Many of you who are signed up with Paradata through their Rentors.org credit card merchant account program may have noticed that we've been charged an extra 1 percent fee (rate 2) when our clients use "reward" cards. It turns out that of my last 23 transactions, about 83% of them have had this extra fee charged. This fee can get expensive--it's already cost us about $300 over the last 5 months. Is everyone else getting such a high rate of "reward" card usage? If so, are there any strategies for dealing with it? (i.e. eliminating it?) I don't really want to discourage our clients from using rewards cards.
Thanks for your insights!
mark maziarz
24daly.com
Park City, UT USA
credit card merchant fees with rentors.org/paradata
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- Location: Park City, Utah USA
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