Consumers may want to think twice before swiping that credit card to make their next purchase.
Retailers like Rite Aid and Kroger will soon be able to charge you more for using it.
The increase is part of a $6 billion settlement of a long-running lawsuit against Visa, Mastercard, and major banks.
The suit alleged the credit card issuers conspired to fix the so-called "swipe" or "interchange" fees the stores paid to them.
The National Retail Federation reports the fees cost stores about $30 billion a year.
Some stores may now choose to pass those costs on to customers.
Source: http://www.cbn.com/cbnnews/finance/2012/July/Credit-Card-Companies-to-Pay-Retailers-6B/
spinal muscular atrophy brooklyn nets may day protests tony nominations 2012 facebook organ donor jessica simpson gives birth carrie underwood blown away
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.