Credit card swipe fees have more than doubled over the last decade, leading some business owners to look for new and creative ways to claw back their profits. Main Street businesses across the country ...
During the roughly three years since the pandemic, small-business owners have struggled with higher labor costs, increasing rents, and inflation-driven spikes in the prices of supplies. But many ...
Legislation was recently introduced in the U.S. Senate that will inject a dose of free market competition into the world of credit cards—alleviating a big financial headache for small businesses. You ...
Every time a customer at a convenience store pays with a credit card, the store is forced to pay a fee. In 2024, major credit card networks like Visa and Mastercard swiped $148 billion from businesses ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
Many small businesses are facing increased financial strain due to swipe fees, which can average around 2%. It’s an added financial challenge for entrepreneurs. It’s one thing that customers love, but ...
Credit card 'swipe fees' are a significant expense for small businesses, often second only to labor costs. These fees, typically 1.5% to 3.5% of a sale, cost U.S. businesses billions annually. Visa ...
January is the cruelest month for small retailers. After the decorations are packed away, shop owners brace for the annual wave of returns: sweaters that didn’t fit, electronics that weren’t needed, ...
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