Re: Qantas denies pocketing $100 million from card surcharges
$7.70 for a $100 fare is a 7.7% surcharge.
As much as I love QF, they are really spinning the BS.
I work in the credit card industry and QF are making a bundle on the merchant rates; given what I see cross my desk for large and medium organisations. I know one large organisation (still much small than QF in size and revenues) that only gets charged 0.77% for all cards inc Amex & Diners.
As a small business owner I can tell you that I am charged 0.99% for all my Visa and Mastercard transactions. No fixed amount and no minimum charge.
QF, I call BS on this one.
QF might not be making $100M on the fees but they are certainly charging more than what they are paying.