Visa owes YOU money if you used them to process from 1993-2003

[RyanLanane]

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.

Unfortunately I agree here;

Not that it wouldn't be nice to get even 1/2 of 1% of say what.. 4 or 5 million dollars processed through Paycom - I could definately handle a kickback like that, especially right now