3 ms·
Not only that, but: > The pact would lower the rates by 0.04 percentage point and keep them there for five years. Seriously? I'm no expert and I know the num
by comex 3y ago
Not only that, but:
> The pact would lower the rates by 0.04 percentage point and keep them there for five years.
Seriously?
I'm no expert and I know the numbers have to be small given costs and such, but… 0.04%?
That said, this part looks more important in the long run:
> The proposed settlement would create some changes to give merchants more choice on accepting cards, allowing them to guide consumers to cards that have lower fees. It would also give small businesses the ability to form groups to negotiate swipe fees, similar to what large retailers already do today.
- ceejayoz 3y ago> allowing them to guide consumers to cards that have lower fees... "We don't take Amex" is already annoying enough without adding "we don't take Visa Signature/Infinite or Mastercard World Elite" to the mix.
- barbazoo 3y agoor debit vs credit
- barbazoo 3y agoHere in Canada I wish local merchants just told people they prefer debit given how much cheaper it's for them. Big corporations, thank you for those points. Even if everyone used debit they wouldn't lower the prices anyway.