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Credit Card Processing Fee <br />8 <br />•Credit card fees currently paid by the City, including the General Fund <br />•Online and card payments increased significantly <br />•Estimated $320,000 annually in costs that could be recovered <br />•Proposed 2.50% fee is based on current costs to ensure cost recovery without overcharging <br />•Would remove the current $5,000 transaction limit and provide more flexibility <br />Note: Shall staff add a 2.50% credit card processing fee to the Miscellaneous Fee Schedule?