Retailers that accept credit cards pay a swipe fee to, Ask an Expert

Management Studies

Retailers that accept credit cards pay a "swipe fee" to credit-card issuers such as Visa and Mastercard ranging from 1 to 3 percent of the purchase. The credit-card companies prohibited retailers from passing that fee on to consumers, but a recent lawsuit settlement proposal lifted that restriction.

Under the settlement, retailers can charge 2.5 to 3 percent on each transaction. Discuss this issue and develop a report on the pros and cons of retailers adding a surcharge to credit purchases.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92044211

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