> But the way this is worded (and I suppose it must be how it works) it means that Mastercard charges a fee and you have an agreement to take some of that fee from Mastercard on each transaction. Just seems a little backwards.
I don't really see why that's backwards? The mechant pays for a service (accepting card payments) from Mastercard. Mastercard take some of that fee and give it to the card provider so they can cover the costs of running your card, such as their website and phone lines, or in this case planting trees as well. Where's the backwards bit?
Well just historically speaking the easiest way to be a middleman is to charge a fee on top of what you're middleman-ing. And this doesn't work like that.
The PDF the lists out all the fees and how they’re calculated is hundreds of pages long. Even the banks who pay some of these fee don’t understand them all.
I don't really see why that's backwards? The mechant pays for a service (accepting card payments) from Mastercard. Mastercard take some of that fee and give it to the card provider so they can cover the costs of running your card, such as their website and phone lines, or in this case planting trees as well. Where's the backwards bit?