Facts About Fees | Unfair Credit Card #SwipeFees

Interchange is the biggest credit card fee you have never heard of

Hidden credit card interchange fees inflate the cost of nearly everything consumers buy, even when you pay cash. Two dollars of every $100 the consumer spends using credit cards goes directly to the credit card industry. Americans paid over $48 billion in interchange fees in 2008, more than twice what was paid in credit card late fees and three times ATM fees.

via Facts About Fees | Unfair Credit Card Fees.


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