Swipe fee hikes: a threat to Wyoming's business-friendly environment
Lummis and Barrasso must protect small businesses by preventing credit card companies’ from imposing high fees, Brown opines.
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Lummis and Barrasso must protect small businesses by preventing credit card companies’ from imposing high fees, Brown opines.
Restaurants are consistently burdened with hidden fees and unnecessarily high rates from their payment processors. This widespread issue is not only affecting restaurant owners but their customers as well.
Restaurants are consistently burdened with hidden fees and unnecessarily high rates from their payment processors. This widespread issue is not only affecting restaurant owners but their customers as well.
Fees average 2.24 percent of the total transaction in the US, but can be as high as 4 percent for premium travel and rewards cards. In the EU, fees were capped at 0.3 percent in 2015.
(Bloomberg) -- Senators are urging credit card giants Visa Inc. and Mastercard Inc. to cancel plans to raise their swipe fees charged to retailers and used reports on the plans to champion their bill to force competition in the industry.Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsFed Ramps Up Demands for Corrective Actions by Regi