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.

 

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on May 7, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: