MasterCard & Visa charge a merchant fee to the seller, meaning a percentage of each transaction made using these cards goes to the American credit companies directly, thereby contributing to the US economy.
Exactly. Essentially, about 1% of every dollar spent in Canada using an American credit card goes straight to the US like a tax. People should spread awareness about this.
MasterCard & Visa charge a merchant fee to the seller, meaning a percentage of each transaction made using these cards goes to the American credit companies directly, thereby contributing to the US economy.
Exactly. Essentially, about 1% of every dollar spent in Canada using an American credit card goes straight to the US like a tax. People should spread awareness about this.