Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
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Swipe past $5,000 and this is what really happens
Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...
The Credit Card Competition Act would let merchants choose between at least two networks when processing transactions to help ...
LINCOLN, Neb.LINCOLN, Neb. — A Nebraska woman allegedly found a lucrative quirk at a gas station pump — double-swipe the rewards card and get free gas! Unfortunately for her, you can’t do that, ...
Total fees increased by more than $15 billion from the previous year. Last December, Rovertown partnered with Weigel's and St. Romain Oil Co., operator of Y-Not Stop c-stores, to integrate swipe fee ...
New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit ...
A proposal is moving through the Kansas Legislature that would ban credit card networks from applying fees to sales taxes and tips. If passed, the measure would unlock immediate savings for the ...
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