How do some large chain stores get away with charging an extra fee for using credit/debit?

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How do some large chain stores get away with charging an extra fee for using credit/debit?

In: Economics

4 Answers

Anonymous 0 Comments

Credit Card companies and payment processors charge Retailers a % of the transaction. Normally between .5% up to 3.5% per swipe.

The retailer then passes that cost on to the consumer.

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