$10,000 / 30 cent transaction fee comes out to a net positive for the credit card companies after 33,334 transactions (not included the average 3% additional fee).
If we assume a modest 100 credit card transactions per day for high transaction industries like restaurants and food trucks, the 30 cent fee will return the $10,000 of revenue in 333 days not including the percentage fee.
There is a reason restaurants/food trucks/gas stations... charge an extra fee for using credit cards on transactions below a certain price. It's cause credit card companies charge an arm and a leg for each transaction.
If we assume a modest 100 credit card transactions per day for high transaction industries like restaurants and food trucks, the 30 cent fee will return the $10,000 of revenue in 333 days not including the percentage fee.
There is a reason restaurants/food trucks/gas stations... charge an extra fee for using credit cards on transactions below a certain price. It's cause credit card companies charge an arm and a leg for each transaction.