[REPOST, Nov 4, 2006]
Sample Transparent Credit / Debit Card Receipt
To liberally paraphrase Oliver Wendell Holmes Jr. who said, "a page of history is worth a volume of logic," posting the exact merchant interchange fee (sample below) on all charge receipts is worth a volume of confusing fee schedules cloaked within dozens and dozens of website pages.
The two leading card associations now post their fees for review; there are from five to seventy-two respective website pages to identify their rates.
Isn't the below unadulterated sample receipt more guideless and simple to understand?
30 MINUTE PHOTOS ETC.
92 CORP. PK PL
IRVINE, CA 92606
TERMINAL I.D.:................... 000000000
MERCHANT #:............. 00000000000000
VISA *
453232
SALE EXP:................................... 08/09
BATCH: 0043523....INVOICE: 22545612
DATE: NOV 2, 06.............. TIME: 11:42
RRN: 00000000........AUTH NO: 0211190
Interchange Fee:.... $8.26
TOTAL...................$485.66
GENERAL MERCHANDISE 05
30 Minute Photos Etc.
X_____________________________
I AGREE TO PAY THE ABOVE TOTAL AMOUNT
ACCORDING TO CARD ISSUER AGREEMENT
(MERCHANT AGREEMENT IF CREDIT VOUCHER)
[Source: WayTooHigh.com]
