Description: Retail merchants get charged a fee when you use plastic and recent reforms don’t seem to be reducing the burden on small businesses.
Source: CNNMoney.com – video report
Date: July 20, 2012
Link: http://money.cnn.com/video/smallbusiness/2012/07/19/sbiz-credit-card-costs.cnnmoney/
Questions for Discussions:
- Describe how cash, credit and debit card processing affect the operations of retailers.
- Do you think these costs fairly reflect the value of services that card companies provide?
- Should rates be left to the market to decide or should they be legislated?
- What alternative payment systems might be able to compete?
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