Debit Card Fees: Retailers vs. Banks, But Will Consumers Lose?

There is a fight going on between bankers and merchants over what happens when you swipe your debit card at the grocery store or at the mall. When you make a purchase with your debit card, the retailer has to pay 1% to 2% of the total purchase price to banks. Banks want to keep the fees, merchants want to cut them down. ...more
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