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Originally Posted by Hell Puppy
I'd have to fish out my contracts to be absolutely certain, but I dont think the "transaction charge" applied by the iPSPs says anything about the MC/Visa charges and instead just says "13.5%", "14.5%", or whatever deal you managed to negotiate based on your volume. It isn't stated as some caclulation of the "MC/Visa charges plus an additional X%".
In which case, if that's what they took out, then your check was calculated properly.
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I see what you are saying. Yes, hmm, it would depend on how it was done. One way would be sponsors and affiliates; the other way it would only apply to processors and those with their own merchant accounts.
Good thinking there. Now I'm wondering which way it is.