From: Dave Farber <farber@central.cis.upenn.edu>
Date: Tue, 31 Oct 1995 00:22:32 +0800
To: Michael J Gebis <cypherpunks@toad.com
Subject: Re: Digicash will not fly (not)
Message-ID: <199510301552.KAA24406@linc.cis.upenn.edu>
MIME-Version: 1.0
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>
>What sort of charges do Visa/Mastercard impose upon merchants?  I
>thought it was 3%; if so, I would suspect that this is the level of
>"off-the-top" skim that the market will sustain, and DigiCash should
>probably use a similar rate.
>
>-- 
>Mike Gebis  gebis@ecn.purdue.edu  Corporate Operating Systems Still Suck
>

Pricing is usally set so it includes the 3%. Cash prices are usually by
agreement the same as credit card. Will Digicash be an extra %age or will
the credit card agreements be changed Else it is 3% plus digicash for those
goods that offer the credit card option