InterchangeFee

It's a fee we pay every day, but it's invisible. And if Robert Johnson is correct, it's strangling the economy. For those of you who don't know what an interchange fee, a little introduction is in order. Interchange fee, meet the person reading this, whom you already know, if they have a pulse and...

While you may not know it; merchants have to pay a fee to use the credit card machines which typically is 2% of the actual purchase price. To defray this cost of doing business many retailers factor the 2% fee into the shelf price for items which leaves cash-paying customers shelling out the same...