[lug] Credit - was: [Letting folks pay from the web.]

[Jonathan Corbet]

On Tue, 02 Feb 2010 22:21:22 -0700
Maxwell Spangler <maxlists at maxwellspangler.com> wrote:

> With that being said, I don't recall the rates for rewards cards being
> that bad -- I don't want people to get the idea that if you pay with a
> stock VISA the biz pays 2.5% but if you pay with an Citi Platnium
> American Airlines card the rate is 8 or 10%.. It's probably no more than
> 3-3.5%. 

Indeed.  The additional discount is about 0.5% for affinity/rewards
cards.  They don't make the merchant eat the entire amount.  

jon