Sen Josh Hawley turns communist!

The electronic payment system should be standardized and opened so that the barrier to entry isn't so monumental. This would allow more competition instead of the 5 of them agreeing to a fee structure and telling everyone else to kick rocks.

Debit card fees are almost nothing though so there's still that.

Credit card fees are ridiculous. That’s why businesses might have an up charge on small purchases.

The price of things involve the cost of doing business.

You also pay their internet, and electric bill.


Businesses don’t pay their utilities. You do.

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The price of things involve the cost of doing business. You also pay their internet, and electric bill. Businesses don’t pay their utilities. You do.

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not communist


-multiple times divorced alcoholic who literally works for the state government of Alaska

you pay for the fees, and there are many built into the price...if they stopped these fees, you think the restaurants would lower prices? LOL

you talking about Roger? If so, Trump caused him to fall off the wagon, which I hate for him...but the dude lost his mind and could not be reasoned with. He was wrong about everything too.....which wasn't hard to predict.

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The price of things involve the cost of doing business. You also pay their internet, and electric bill. Businesses don’t pay their utilities. You do.

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Do tariffs work the same way?

These fees are the best way to show people how tariffs work. The company can eat the fee or most likely they pass it on to you.

Believe it or not, there are still places that don't accept credit cards, cash or check only. The choice to make easier to purchase items is why most places take your card as they will do more business in theory to make up any transactional cost.

It is not just swipe fees that are hurting consumers. Some credit cards are getting ridiculous on the fees and are now increasing redemption rates. Citibank just informed me that my ThankYou Rewards are now going to be redeemed at 75%. So if you had a 100 dollars in rewards, they were only worth 75 dollars if I wanted to cash them out as a statement credit. I also had one credit card tell me that if I wanted to continue receiving a paper bill it would cost me 1.99 a month.

Then you have subprime cards that are charging a 100 dollars or more in annual fees and 12 dollar monthly fees. All the while charging 36% interest on limits of under a thousand. There are some that even charge for credit line increases as much as 25% of the increase.

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Debit card fees are almost nothing though so there's still that.

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What do you do for a living?

Because they damn sure are something in my world. Debit card fees add up to at least $100k on my P&L’s if I didn’t move to a reverse my feee system and even with that, I still lose out on approx $30k in revenue per year. That’s about $150-$170k over the life of a 5 year franchise agreement just because ignorant customers choose to use a card rather than EFT, due to igorant mindsets like yours, “the fees are almost nothing.”