Retailer Fees to Soar on Some Debit-Card Transactions | #swipefees


Merchants could end up paying 24 cents — the maximum fee allowed — on a $2 purchase, three-times as much as the 8 cents they would pay under the current system, according to a note to investors by Janney Montgomery Scott LLC analyst Thomas McCrohan that was reported by Bloomberg News.

via Retailer Fees to Soar on Some Debit-Card Transactions | LoanSafe.org.

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