Retailers beg for duty and fee relief to survive recession – Bermuda Sun… Beyond the Headlines – Hamilton, Bermuda


When a consumer pays by debit or credit card, the retailer must pay the bank or credit card firm an interchange or ‘swipe’ fee.  In the U.S. the average debit card processing fee is 1.3 per cent per transaction, which can add up to hundreds of dollars a month for a small business. Credit card transaction fees here are between two and three per cent.

via Retailers beg for duty and fee relief to survive recession – Bermuda Sun… Beyond the Headlines – Hamilton, Bermuda.

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