Me-Frisco-Micros Credit Card Charge (2024)

FAQs

What is this charge on my credit card? ›

Go online and try searching the merchant name exactly how it's recorded in your statement to see if you can identify who they are. This can help if the merchant name is abbreviated or if they're using the name of their parent company.

This is in exchange for having the payment securely processed by a credit card network. In most cases, credit card processing fees will run between 1.5% to 4% of the total value of a transaction.

For merchants, it can be almost impossible to run a business without taking credit cards. However, the fees from these transactions can eat into profits, making it hard for some merchants with a small spread to stay afloat. The average credit card processing fee ranges between 1.5% and 3.5%.

American Express: 2.3% – 3.5% Discover: 1.55% – 2.5% Mastercard: 1.5% – 2.6% Visa 1.4% – 2.5%

Research online: Look up the name of the merchant online as it appears on your statement. Your credit card company may provide additional merchant details you can use in your search, such as the merchant's phone number or website. You might not recognize a $1.50 charge for “USA Technologies”.

In most cases the $1.00 is an authorization and not a charge. It is used to verify the card information and in most cases is voided seconds after it is authorized. Note that banks do not have to process the void immediately and so sometimes the void is not processed for a few days.

Credit card processing fees are paid by the merchant, not by the consumer. Businesses and their acquiring banks pay credit card processing fees to the consumer's credit card issuer, credit card network and payment processor. On average, credit card processing fees can range between 1.5% and 3.5% of the transaction.

As a consumer, you have options to avoid surcharges. These include using cash instead of a credit card to make a purchase, or using a debit card, for which surcharges cannot be applied. You can also choose to shop at businesses that do not charge these fees.

Two sections in the Texas Business & Commerce Code prohibit a seller from charging a fee when a buyer uses a credit or debit card as payment. These laws are in Sections 604A. 0021 and 604A. 002, respectively.

We do not charge any account-related fees. However, there is a $30 service charge for each outgoing wire transfer from your Discover bank account.

How much is the Amex processing fee? ›

The American Express (Amex) and Visa merchant fee structures necessitate careful consideration for businesses. Visa generally imposes lower interchange fees, ranging from 1.15% plus 5 cents to 2.40% plus 10 cents, in contrast to Amex's higher fees ranging from 1.43% plus 10 cents to 3.30% plus 10 cents.

To put it simply, a processing fee is a pre-set amount that a business pays every time a customer uses a credit or debit card to pay for their goods or services. The processing fee can be split into two parts: the interchange. The fees charged by the Issuer to the Acquirer. fee and the assessment fee.

Contact your bank right away. To limit your liability, it is important to notify the bank promptly upon discovering any unauthorized charge(s). You may notify the bank in person, by telephone, or in writing.

If you see a charge that you believe you did not make, it may mean that someone has gained access to your account information and is making fraudulent purchases. Although identity theft and fraud are rising, it is important to note that not all unknown transactions are unauthorized charges.

Contact the issuer. They can tell you the merchant who submitted the debit. That merchant may then be able to tell you where they shipped merchandise.

The easiest way to check your credit card's transaction history is by logging in to your online account through the issuer's website. This way, you will be able to see your past transactions, including the date each transaction took place, the name of the merchant that charged it and the amount.