That rate is impossible since the average interchange rate is significantly high... | Hacker News

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onetwothreefour on Jan 9, 2013 | parent | context | favorite | on: Your Minimum Viable Product is Processing Credit C...

That rate is impossible since the average interchange rate is significantly higher.

jareau on Jan 10, 2013 [–]

Agree. Interchange is generally around 1.8% for US merchants, but I agree with tesmar2 that 2.9% will seem a bit high to many merchants.

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