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To: JennysCool
FYI:

The cut to the bank for each transaction is not a accounting expense nor reduction of revenue.

Your P&L reflects the total sale and you eat the transaction cost for the card use.

9 posted on 07/22/2020 7:36:37 PM PDT by Deaf Smith (When a takes his chances, chances will be taken that's for sure)
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To: Deaf Smith

Sort of. They raise prices to cover the transaction cost. It’s like taxes, the consumer pays regardless.


16 posted on 07/22/2020 10:21:29 PM PDT by Lurkina.n.Learnin (The Revolution Will Not Be Televised but It Will Be Livestreamed)
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