Debit Card Fees Cut
Tired of paying a fee every time someone uses a debit card at your small business? The good news is that those fees have been cut in half.
Thanks to caps out into effect by the government debit card companies such as Visa, MasterCard and Discover are now charging half of what they were before. The average fee has dropped from 43 cents to 24 cents, which can make a significant difference over time.
The cap is part of the Durbin Amendment and was put into place after many small businesses complained their revenues were affected by debit card fees.