Small banks, merchants see $$ in swipe fee reform | Hartford Business


Every time a customer pays with a credit or debit card, the merchant must pay a fee to the bank or financial institution to process the transaction. The fees vary greatly depending on debit or credit, whether a signature or a PIN is required, and what the merchant has negotiated with the bank. In Connecticut, the average fee for debit transactions is 44 cents.

via Small banks, merchants see $$ in swipe fee reform | Hartford Business.

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