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 â€“ video report
Date: July 20, 2012
Questions for Discussions:
- Describe how cash, credit and debit card processing affect the financial 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?