Store owners fight credit card companies over interchange fees


Independent business owners and franchisees alike have had it with the fees charged by credit card companies when a consumer uses their card.

Interchange fees, those credit card companies charge merchants when customers use their credit and debit cards, have seriously cut into the profit margins of stores for years, and now owners are fighting back. According to 7-Eleven, its franchisees across the country collected nearly 1.7 million signatures from customers on a petition to reform these fees last summer. And now they’re urging those same consumers to contact their Senators for more action.

READ ARTICLE via Store owners fight credit card companies over interchange fees.

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