I would’ve thought that makes it easier on all parties. Or is this just another way to suck money out of people?
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For the most part, a company will not do their own in house coding and will instead use a payment processor that provides a turn key solution. You can easily add the ability to accept payments and be guaranteed the ability to handle mass payments and traffic, but the company that made the payment interface and runs the card processing site will charge a small fee. Typically they will charge 1 or 2 dollars per transaction, and to accept credit cards Visa charges 1-3% on top of that.
The tech fee or convenience charge iss the 1 or 2 dollars and goes right to the app developer. Companies are not allowed to charge credit card fees for the most part, so they just absorb the percentage visa charges
Companies love it because they don’t have to hire programmers and can easily upgrade their websites with pre built code
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