BUSINESS TIPS: Who pays price for ‘reward’ credit cards? | #SwipeFees


What I had forgotten was that each swipe cost a flat rate, and the flat rate is called an interchange fee. According to The Nilson Report, U.S. merchants paid interchange fees of around $62 billion on sales of $3.7 trillion in 2009.

via BUSINESS TIPS: Who pays price for ‘reward’ credit cards? | Easy Credit Cards UK.

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