Why is there Transaction Fee for credit card payment

You may have noticed that there is transaction fee when you're trying to make payments with credit cards. The transaction fee is not charged by FreeShoppingChina.com but your credit card issuer and credit card channel. You will be charged for every transaction you make as long as you make payments with credit cards.

 

You may feel strange that why you have never heard of credit card transaction fee when shopping on some online B2C shops. The fact is that the merchants(online B2C shops) are paying for the transaction fees. However they have added this cost into the whole business cost which decides the products price. So actually you are still paying for the transaction fees indirectly. This is how it works!

 

As we are shopping/purchase agent, we do not have the chance to decide any product's price. Our only profit margin is from the shopping/purchase service fee we charge,which is transparent and pretty low. We are not able to cover the transaction fees which is too high to us comparing to our low service charge rate. All customers need to pay the transaction fees on your own.

 

If you want to save transaction fees, especially when making payments of more than 500 USD, it's recommended to send fund via Western U-nion and Wire/Telegraphic Transfer. Please see more details here: Payment Methods Comparison


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