Lets say I have $5000 in my checking account, can I charge 1,000,000 to my debit card and the merchant still gets paid, without overdraft protection?

When I took accounting, we learned that credit card companies don’t reimburse merchants for the entire purchase price. Instead, they short the merchant a small cut that they keep for processing the transaction. In my classes, we used 2% for all cards.

But that was many years ago and in academia. In the real world right now, what is the merchant discount for the various credit cards (Visa, Master Card, AMEX, Discover)?

Thanks!

I’m starting my own online business and need to process credit cards. I’m familiar with paypal and clickbank but would like to see if getting a merchant account with credit card processing features be a better fit for my business.

However, I know that many banks do not like internet businesses, so is there a company that specializes in this type of accounts?

I do NOT have a PAYPAL account.

The merchant accepts CREDIT OR DEBIT cards via PAYPAL

Will PAYPAL allow payments with MASTERCARD GIFT CARD in this case??

Capital One mass-canceled a number of their credit cards due to a merchant security compromise. They claim this is necessary to protect their account holders from fraud. However, Capital One has yet to release the merchant’s name. This merchant is a security liability and should be avoided. Does anyone know who this merchant is? Serious replies only, please don’t speculate. Thanks.

is there a way to bill a credit card if im a small repair shop without a merchant account?

i want to sell goods online, but i get confused about the payment method specially in accepting credit card payment. I don’t want to open a merchant account which is costly. is there any other payment method.