PIN Debit News Blog: NACS Interactive Cartoon Depicts Cost of Interchange


The National Association of Convenience Stores has released an interactive cartoon designed to educate consumers about the problem of credit and debit card swipe fees with the hope of involving them in a solution. Called interchange fees by the banks that set the rates, swipe fees are a percentage of each transaction that Visa and MasterCard and their member banks collect from retailers every time a credit or debit card is used. Fees average about 2 percent in the United States.

The interactive cartoon is viewable here.

via PIN Debit News Blog: NACS Interactive Cartoon Depicts Cost of Interchange.

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