Debit Fees for Small Business

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Do you process credit cards? As a merchant accepting credit cards from your customers is crucial for your bottom line. Retailers have been complaining for years that big banks have been gouging them with high fees to process debit card transactions. The Federal Reserve issued a final set of rules on the law setting the cap at 21 cents per transaction. That is better than the 44 cents but, it is also nearly double the 12 cents that small businesses were expecting.

Small business whiplashed in debit fee fight.

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