Bipartisan bill to address credit card swipe fees would help small businesses ...Middle East

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Bipartisan bill to address credit card swipe fees would help small businesses
Federal legislation was recently introduced to address the high fees businesses fork over every time a customer pays with a credit card. It’s an expense that’s required whether plastic is swiped in-person, entered online, or used through an app. By fostering free market competition, the Credit Card Competition Act could save job creators an estimated $15 billion per year. Small businesses would be the biggest beneficiaries of this free market policy reform.  Unlike their corporate counterparts that are able to more easily absorb ballooning credit card swipe fees, main street businesses operate on razor thin budget margins and struggle to cover this “transaction tax.” In fact, for lo

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