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Originally Posted by Tricky
Retailers are charged by credit card companies for the provision of the systems the 2.5% is fairly common although normally only on credit cards, switch is normally 60p per transaction. For this, retailers normally get "free" use of the signs, credit card machines, phone lines etc.
Guess how credit card companies make money...
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when i used to work at sainsburys...the blurp used to appear on all EFT slips....whether it was credit card or switch cards..... i think the reasons have already been identified
