I'm surprised the discussion isn't focused on the 3% fee, it's almost not discussed. Think about that, that's 3% of all retail transactions for electronic proce

I'm surprised the discussion isn't focused on the 3% fee, it's almost not discussed. Think about that, that's 3% of all retail transactions for electronic processing. And their not even liable for charge backs, that's paid by the vendor. Another thing to realize, most credit cards have some kind of reward program that amounts to about a 1% payout. That's coming out of the transaction fees, which if you do the math is actually being paid for by the merchant. If the fees were 2% there would no longer be rewards programs. I find that interesting. The retail world is being taxed to pay the credit xard reward programs of their customers. Makes you think a bit doesn't it ;)