“How small businesses are fighting inflated credit card swipe fees”
February 9, 2023
“…“We have a nice little sign in front of our register that says ‘Hey, credit card fees, they cost us a lot of money,’” Victor Garcia, longtime owner of Sol Dias, told CNBC. “Last year they cost us $25,000. This year, they’re going to cost us close to $30,000. We’re just simply informing the consumer.”
Every time a customer pays for their cup or cone with a debit or credit card, companies like Visa or Mastercard charge a processing fee, also known as a swipe fee, amounting to a percentage of each transaction…”
https://www.cnbc.com/2023/02/09/small-businesses-credit-card-swipe-fees.html
This is why cash is king. More companies are using it instead of paying these extra fees. There’s no need to. Even if its a big purchase its nothing a good old fashioned check can’t solve.