But most importantly, these profits have been taken AWAY from banks and given to more productive businesses.
These debit card fees are usually flat, mandatory fees for anyone who accepts debit. That's why you see minimum purchase requirements for cards at some smaller businesses: Your $1 purchase is a loss to them when they have to pay $3 for every debit transaction. And, as part of most of these debit contracts, retailers are not allowed to discount non-debit users to make up for this.
This is so typical !!. This is where the rich get richer,at others expense. Something should be done about this !. I say we BOYCOTT any merchant, that won't honor their agreements,or dont' deal fairly with their customers . Without their consumers,they will be in DEEP trouble !!!.
But most importantly, these profits have been taken AWAY from banks and given to more productive businesses.
These debit card fees are usually flat, mandatory fees for anyone who accepts debit. That's why you see minimum purchase requirements for cards at some smaller businesses: Your $1 purchase is a loss to them when they have to pay $3 for every debit transaction. And, as part of most of these debit contracts, retailers are not allowed to discount non-debit users to make up for this.
TheBear421 2 months ago
@TheBear421 And here are the guys who made this video: sourcewatch(dot)org/index.php?title=Electronic_Payments_Coalition
"The Electronic Payments Coalition is a lobbying group that represents the interests of big banks, credit unions, and payment card networks..."
TheBear421 2 months ago
DICK DURBAN......FIGURE. ILLINOIS BIGGEST CROOK. Another screwing from this Democrap. Vote this bum out in 2012.
RobGoldman1 2 months ago
This is so typical !!. This is where the rich get richer,at others expense. Something should be done about this !. I say we BOYCOTT any merchant, that won't honor their agreements,or dont' deal fairly with their customers . Without their consumers,they will be in DEEP trouble !!!.
MsCountry59 2 months ago
America is a nation of consumers.....people consume each other every solitary f---- day.
Honor and trust are two words that have dropped completely out of the American lexicon. It's everybody for himself now.
dasUBootVII 2 months ago