This model here shows the 50ยข going to the payment processor, so you have $1.50 out of a $100 purchase going to the card issuer, but it does not show the fees going to the credit card company. What are those fees, typically? How much are they? Can you describe them for us so that we get a sense of how much of those fees in fact go out of that system, out of the interchange, and back to the credit card company? Can you outline what the fees are, in detail?
On May 14th, 2009. See this statement in context.