Swipe Fees: Your Share Of The Cut

Swipe Fees: Your Share Of The Cut

The Federal Reserve is still working out the final details of reduced swipe fees restaurant operators will soon be paying to banks. But experts have already begun to estimate the effect. Their verdict: Expect a small-yet-meaningful boost to your bottom line once the new rates are in place.

Ranging up to two percent per transaction, debit card swipe fees were so out of whack with actual costs that 2010’s

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