And here's what one coalition is doing about it.
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| | | | | Merchants are lobbying legislators to get relief from credit card fees READ MORE |
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| | | | | Is the drug store’s time up? This was the question that led this week's top story. Read on for the others (hint: Walmart, Ahold Delhaize, ‘stomach share’) ... READ MORE |
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| | | It's Tuesday. Time for a poll. Let's talk credit card processing fees. A merchant coalition is now asking lawmakers to pass legislation that would open up the space for other payment networks to process bank card transactions — aka, networks other than Visa and Mastercard, who have both long dominated this territory. It's a move that the coalition hopes will create competition and potentially lower the pain of credit card swipe fees for retailers. Bottom line: How much pain are credit card fees currently causing you / your business? It's terrible. Not an issue. Other, tell us in the comments **
Cast your vote here, or email your thoughts (which we may edit or shorten before publication) to SN Executive Editor Chloe Riley at [email protected], and make sure to include your first and last name and job title. Have a great rest of your week, and check back for the final results Friday. WHAT DO YOU THINK? |
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