Retailers say hidden credit card fees/interchange fees are costing consumers | Tampa Bay, St. Petersburg, Clearwater, Sarasota | WTSP.com 10 Connects


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TAMPA BAY, Florida – You may not always notice them, but more and more retailers around the area – often gas stations or convenience stories – are posting signs that could stop you from swiping your card.

Store owners say they post a “$5 minimum for credit” sign to protect themselves from the high “swipe fees” they pay every time they swipe a card. The fees often cost more than the retailer will make on a small sale.

The only problem is that transaction minimums are prohibited by the credit card companies because they say it encourages consumers to spend more at the checkout counter.

via Retailers say hidden credit card fees/interchange fees are costing consumers | Tampa Bay, St. Petersburg, Clearwater, Sarasota | WTSP.com 10 Connects.

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