Posted by & filed under Part 1 Business in a Global Environment, Part 4: Marketing Management, Part 6 Managing Financial Resources.

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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