A fad? Or here to stay...
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| | | | | Here's 5 things you may have missed in grocery... READ MORE |
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| | | | | he NACS is challenging card processing restrictions via a new World Cup-themed ad... READ MORE |
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| | It's Monday once again. We asked:
How much pain are credit card fees currently causing you / your business?
And you answered:
It's terrible (56%) Not an issue (43%) Other, tell us in the comments (1%)
You also said...
Kenneth Coghill II, Safety Coordinator at Albertsons Companies My AMEX always gets turned away at local coffee shops & other small businesses. Even when I was on holiday in Nevada! My Amex got turned away at multiple tourist locations, & at a local coffee shop there; I was charged a 8% cc fee! It’s ridiculous!!
Michael Sowa, CEO at Efundex.com
Most people don’t realize but merchants typically set their prices 3-5% higher to cover the merchant services fees, so directly or indirectly it effects all of us.
** Those of you polled are pretty split on pain caused by credit card fees. Does that sound right? Have another thought? Weigh in on our LinkedIn poll here, or email SN Executive Editor Chloe Riley at [email protected]. Have a great week. WHAT DO YOU THINK? |
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