How the Cut in Debit Card Swipe Fees Will affect you

By Admin, March 4, 2014

How the Cut in Debit Card Swipe Fees Will affect you

Paying with plastic — credit and debit cards — clearly has a price. It costs retailers roughly $2 for every $100 spent. So, when you buy something for $100, the seller actually gets paid $98. Interchange fees are subtracted on the front end, as explained in this infographic:

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