RSS Business/Finance Updated: Monday, November 23, 2009, 5:06 am PST
THE PRICE OF PLASTIC
Steve Raplee, owner of High Tides Café in Charleston, pays thousands of dollars a year to provide his customers the convenience of paying in plastic.
“That would hire an employee or a couple of part-time people,” said Jim Conran.
Local business owners says processing credit and debit card purchases is a costly business expense and Conran is leading the charge to ensure transaction fees do not get any higher.
Conran heads the organization Consumers for Competitive Choice, which is taking aim at interchange fees —the fees merchants incur for each credit card transaction (typically 1.5 to 3 percent).
“That would hire an employee or a couple of part-time people,” said Jim Conran.
Local business owners says processing credit and debit card purchases is a costly business expense and Conran is leading the charge to ensure transaction fees do not get any higher.
Conran heads the organization Consumers for Competitive Choice, which is taking aim at interchange fees —the fees merchants incur for each credit card transaction (typically 1.5 to 3 percent).
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