DAVID LAZARUS: Banks and merchants fight over transaction fees for debt and credit cards – latimes.com


Walter Kim appreciates all the business his downtown shoe store can get. But he’d be happier if his customers didn’t use debit cards when picking up a new pair of sneakers or boots.

Each time they do, Kim’s shop has to pay about 1% of the sale amount as a transaction fee to Visa or MasterCard or the bank that issued the plastic.

READ ARTICLE via DAVID LAZARUS: Banks and merchants fight over transaction fees for debt and credit cards – latimes.com.

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