Finance committee The interchange rate is not listed on there, but as we said earlier, it is the largest component of the fees that make up the Visa delivery rate.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee There is no other fee. If you've taken the $824, that is the total amount we have charged that particular merchant.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee It includes all the fees we would charge to the merchant.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee Yes, so in the example we have summary of fees. You see an IDP, or Interac direct payment transaction fee. The example, at 8ยข a transaction times 224, is roughly $18.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee If you were trying to work it out to an average discount rate, then yes.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee All these fees come to us. We collect all these fees.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee Yes, so again, it's an example. It might range anywhere from $20 to $35 a month for the rental of the device. Again, as I said, it depends--
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee You can buy them, yes.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee Most customers like the opportunity to rent from us because we have what we call a four-hour service promise, so we promise, at least 90% of the time, that if you call us and your terminal breaks down, we'll be on-site with a service technician. We have 250 service technicians ac
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee In our case, it is the straight pass-through of the Visa assessment fee. Visa charges us six basis points plus GST, and that's what the 6.3 basis points reflect.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Finance committee There are different types of transactions. I mentioned the way the merchant processes those transactions. An electronic transaction is either one that is swiped--so the card is there--or one that is a chip transaction, where the chip is inserted into the terminal. For those, we
May 26th, 2009Committee meeting
Jeff van Duynhoven
Industry committee All these fees come to us. We collect all these fees.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Industry committee Yes, so again, it's an example. It might range anywhere from $20 to $35 a month for the rental of the device. Again, as I said, it depends--
May 26th, 2009Committee meeting
Jeff van Duynhoven
Industry committee You can buy them, yes.
May 26th, 2009Committee meeting
Jeff van Duynhoven
Industry committee Most customers like the opportunity to rent from us because we have what we call a four-hour service promise, so we promise, at least 90% of the time, that if you call us and your terminal breaks down, we'll be on-site with a service technician. We have 250 service technicians ac
May 26th, 2009Committee meeting
Jeff van Duynhoven