Tags » Interchange Fees, Merchants » Comments (1)
The Consumerist takes note of 7-Eleven's new campaign to get customers to sign a petition to Congress protesting payment card interchange fees. "The vendor of last resort is mad about interchange fees, the fees banks charge merchants for accepting a credit card payment. The recent credit card legislation signed into law protected consumers from rate increases, but stayed silent with regards to interchange fees."
While I clearly believe there is some validity to the arguments around Interchange fees, it is interesting that a company that makes a significant amount of its profit on tobacco, liquor and sugary/salty snacks is the leader of this fight. Rightous? What do they say about "...glass houses...."?
Posted by: Steve Klebe | July 14, 2009 at 08:55 AM