Quote:
Originally Posted by OrangeBlossomBaby
Convenience fee is not what the credit card company charges to the utility company. It's an added bit of revenue. Credit card companies usually charge between .3 and .9% of the transaction price, and that amount is usually absorbed into the "cost of doing business." So for instance - a $100 electric company bill would cost the electric company +/- 30-90 cents to process with the credit card company. If they're charging $3.50 then they're charging you $2.50 penalty for not paying by check or in cash.
I wonder what their fee would be if everyone decided to pay in bitcoin.
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I think you are off on the decimals. . try about 3-9%