this post was submitted on 07 Jul 2025
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chapotraphouse
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larger merchants, like a national restaurant chain, absolutely do not pay 3% in fees per transaction. it's the small, independents who pay those rates through their merchant accounts that are hitting the 3% on interchange fees. large retailers have more leverage and their rates are more like 1-1.5%
bragging about Bitcoin transaction fees going down is like bragging about how a heroin dealer "really hooked it up" for their clients because they switched from baby powder to simulac. it's all a gimmick for criminals, grifters and the all-day suckers that are collecting this fake computer money.
You'd be surprised. National restaurant chains pay more than you think. There's absolutely zero chance steak n shake is getting a 1% rate. I promise they're paying something near 3%. Credit card processing is infinitely more complex than folks think it is.
Purely out of curiosity, why do you know this?
I work in the payment processing industry and I won't say more than that for fear of doxxing myself