Ran across this article, we need to watch for
the new swipe fees for debit cards in the next 8
months. Which sounds like they will be lower,
but will NOT change for credit cards. Also if
you want you can put a minimum dollar amount on
your credit card sales or offer discounts. diana from indiana
“Under the new law, merchants can now legally set
$10 minimums on credit-card purchases, and offer
discounts and promotions for cash purchases a
shift from strict rules preventing those
practices in the past. In the next eight months,
the Federal Reserve also says it will issue new
standards for swipe fees for debit cards to make
sure they are "reasonable and proportional" to
the costs of the transaction. Credit-card fees,
however, would remain unregulated."
http://businessonmain.msn.com/browseresources/articles/smallbusinesstrends.aspx?cp-documentid=25587776&source=msneditorial>1=25049
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