09-21-2008, 08:55 AM
Quote: A new credit card accepted at some 300,000 bricks-and-mortar retail locations will soon be available to online merchants. Online payment processor CardinalCommerce Corp. says it will begin offering RevolutionCard acceptance to its e-retailer clients next month.
The big inducement for retailers is the low fee charged to merchants—only 50 basis points, or 0.5% of the purchase amount, roughly a fourth of the interchange rates on Visa and MasterCard transaction. On a typical $169 online purchase, for example, the RevolutionCard fee would be 85 cents, versus $3.29 with MasterCard...
full article: http://www.internetretailer.com/dailyNews.asp?id=27846