Small Retailers Seek Limits on Credit Card Interchange Fees, But Is It Protectionism?
December 28th, 2009

Credit card interchange fees became a hot issue in 2009. Big retailers got hot under the collar — and so did small merchants who are watching their profits with a hawk’s eye.
Interchange, or “swipe” fees are fees that credit card companies and banks charge every time customers use a credit card to make a purchase from them. These fees typically range from 1% to 3% of the price of a purchase. The fees are charged to the retailers.
Some small retailers find these fees cutting unacceptably deep into already-slim profit margins. For instance, this article from Bozeman Montana points out how much ...
Read the whole story on Small Biz Trends
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