[42513] in Cypherpunks
Re: Digicash will not fly (not)
daemon@ATHENA.MIT.EDU (Dave Farber)
Mon Oct 30 10:56:54 1995
Date: Mon, 30 Oct 1995 10:52:29 -0500
To: Michael J Gebis <gebis@ecn.purdue.edu>, cypherpunks@toad.com
From: Dave Farber <farber@central.cis.upenn.edu>
>
>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
