Help Haiti/credit card fees

(Los Angeles) the gifts sent to the organizations which come to assistance of Haiti are often made by credit cards. However, the loan societies generally retain 3% of the transactions. With the planetary scales, they are million dollars intended for the humanitarian aid which land in the trunks of the multinationals.

According to a calculation carried out by the site progressist Huffington Post, the banks and the American loan societies would touch approximately 250 million dollars per year in expenses taken with very the gifts sent to the organizations of charity.

After the publication of the news, yesterday, the American Express giant announced that it renonçait to take expenses on the transactions of 65 organizations of charity coming to assistance in Haiti.

In Canada, the spokesperson of the Salvation Army, Andrew Burditt, confirms that the companies of credit take a percentage of the gifts.

I know that they touch administrative expenses on the transactions, he says. I could not say to you how much, but they touch expenses.

VISA Canada did not call back the Press, yesterday.

Large profits

The percentage taken by the bank or the loan society is used to cover more than expenses of transaction: it is indeed about an income for these companies, according to the American group of defense of the Creditcards.com consumers.

They benefit from this system, not of doubt on top, noted the director of the firm, Ben Woolsey. The organizations of charity are treated like any merchant. The loan societies touch a percentage with each transaction. It is the heart of their model of businesses.

Original source in French: http://www.cyberpresse.ca/international/amerique-latine/seisme-en-haiti/201001/15/01-939303-les-societes-de-credit-profitent-de-la-tragedie.php

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