PPRuNe Forums - View Single Post - Easyjet Credit Card Fee - What a rip Off
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Old 24th Nov 2007, 12:50
  #14 (permalink)  
coolfatty
 
Join Date: Nov 2004
Location: UK
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Credit Card Fees are a rip off

I can guarantee that easyjet are only paying around 1.00% for the card fees. Amex would be around 2.8% if they are negotiating correctly. This applies to domestic consumer cards.

Paypal charge more than the banks currently. My best guess is that you'd pay around 1.5% at the least to paypal for a payment.

Switch / Maestro / Visa Electron cost around 30p at most typically.

There is other costs associated with processing a payment but no more than 2p a transaction typically.

So 1.95% is a bit of a markup - but they are probably blending the rates together but still seems high. Some of the online guys only charge around 1.5% typically.

Its not illegal in the UK to charge the fees but Amex claim that you should charge the same fee on all cards (even though they charge the most).
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