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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?


To: Mags who wrote (2593)12/6/1998 6:10:00 PM
From: Nittany Lion  Read Replies (2) | Respond to of 6545
 
Mags,

other people are charging 6% to process the transactions and he goes on to mention how WINR will be cheaper at 4%.

Yes, any credit card transaction is subject to a merchants fee of 5% or higher, i.e. if you buy $100 worth of flowers and charge it, the merchant only gets to keep $95 or less - the rest goes to the credit card co./bank. Plus, in this situation the operator will receive more for his money in the way of accounting functions by WINR and the customer gets a 48 hr. turnaround rather than up to a 14 day turnaround using the credit card. I think one of the most important aspects will be "the Winners Seal of Assurance" that goes with it.

Gary