Saturday, December 19, 2009

Note: Some news links may expire one week after posting.

Beware Unintended Consequences of Lower Interchange Fees

Retailers pay about 2% to Visa or MasterCard everytime you charge a purchase. They are currently seeking federal legislation to lower the fee. Sounds like a good idea until you see what happened in Australia when the fee was lowered six years ago. For more consumer news, visit Consumer World.

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