Tavia Jacobson is the owner of Jacobson's Home Interiors. She would like to begin accepting Visa, MasterCard, or Discover credit cards, but she is concerned about the cost. As a merchant she should expect to pay between ____ percent to the credit-card company for processing credit-card transactions.

Question

Quizplus · Accepted Answer

Based on industry standards, merchants can expect to pay between 1.5% and 4% of the transaction amount to credit card companies for processing credit card transactions. Option C falls within this range, making it the best choice. Option A is too low, and option D is too high. Option E is also too high and even exceeds the upper limit of the industry standard.

Tavia Jacobson Is the Owner of Jacobson's Home Interiors