– Lawmakers want to set limits

People these days may use debit cards for purchases as small as a dollar, but retailers still pay a fee for those purchases, and they say it eats into their profit margins.

Retailers say the swipe fees are too high, especially for debit cards, which retailers say formerly passed at face value, like paper checks. Charging fees for such cards is a way to “circumvent the system and are reducing the face value of debit card transactions,” according to the National Retail Federation.

via – Lawmakers want to set limits.


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