Featured Products
Product Details
 
 
 
Customer Comments
800-672-4806 | 425-672-4806 | sales@ccscentral.com
User Guest (54.87.60.7)
Home CCS Blogs Retail Business Advice: Marlene's Blog Possible Changes in Bank Card Swipe Fees

Possible Changes in Bank Card Swipe Fees

E-mail Print

Swipe fees are charges imposed on merchants each time a debit or credit card is swiped when a customer makes a purchase.  It is now averaging close to 2% per transaction, according to the National Retail Federation.  This fee is costly for the merchant, and drives up the price of merchandise for the customer.  It is now costing an average family an estimated $427 yearly.  The fees have tripled since the NRF started tracking in 2001.

A Swipe Fee Amendment is being considered in the financial services reform legislation now before Congress.  It would require "reasonable and proportional" swipe fees that take into account banks' actual costs for processing card transactions, recognizing that paper checks drawn on the same accounts are paid at face value.  The amendment would also set minimum purchase amounts for credit cards, and make it easier for merchants to offer benefits to customers who don't use cards for payment.

"Paying with plastic" is a convenient service that most people would not want to be without.  Costs associated with this service, however, have been disproportional to the service rendered.  Perhaps the new legislation will correct this problem.

If you have questions about your POS debit and credit card processing, CCS is here to answer them.  Call us at 425-672-4806 or email us.

Last Updated on Thursday, 24 June 2010 10:51  
Privacy Policy | CCS Sales | CCS Support | CCS Training | CCS Administration | Author Help | CCS Webmaster

© Copyright 2014, CCS Retail Systems, Inc. All Rights Reserved.

Customer Connect Marketing

Customer Connect Video and Details The Only Email Marketing Tool Built for Retailers

Customer Connect (CC) is Loaded With The Features And Functionality Needed For RetailersFully integrated with CounterPoint V7 and CounterPoint SQL, Customer Connect gives you the data needed to effectively connect with your customers, drive sales and increase customer loyalty.

New CustomerConnect Features!

Subscribe to CCS Specials Newsletter.  To unsubscribe use the link at the bottom of a newsletter. CCS Newsletter Sign-up

Visit CCS CustomerConnect eNews Archive CCS CustomerConnect eNews Archive

Quick Menu

 

 

 

 

Recovery Act Tax Deductions

"American Recovery and Reinvestment Act has officially extended the Section 179 Tax Deduction increases for the 2011 Tax Year"

Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you probably have a lot of questions regarding Section 179. Follow the links below to get the details on this opportunity:  more ...

 Radiant CounterPoint POS

Radiant Introduces NEW CounterPoint POS Releases

This New 8.3.9 Release of CounterPoint was developed to give retailers New Features and Functions that increase profitability, and ensure a rapid return on investment.

Contact your CCS Sales Consultant to discuss all the new features and functions included.  Ask how they will Keep the Checkouts moving, the Inventory Optimized, and the Back-office Managed. Here are just a few of CounterPoint 8.3.9’s enhancements:  

♦ Registry/Wish List ♦ Message Center
♦ Margin Driven Pricing ♦ Miscellaneous Kits
♦ Tag-Along Kits ♦ Scrap Items
♦ Inactive Items ♦ Discount Overrides
♦ Item Zoom ♦ Forecasted Advices
♦ Enhanced Advices ♦ Work Center
♦ PCI DSS Passwords ♦ Enhanced CC Security

CPSQL 8.4.0 is on its way. Check out What's Coming with the link below!

CPSQL 8.4.0  | CP V7.5.19  | Product News | POS Stations

Why Choose CPSQL?

We have selected two dozen Recent New Retail CounterPoint SQL POS Customers to Profile for you. 

We suspect that you may have Needs Similar to theirs.  See Why these Retailers chose CPSQL and What they Found to be the Benefits.   more ...

Is Your System Healthy?

Great Deals!  New and Refurbished Systems.  Netbooks, Notebooks, Desktops, Servers, Storage Systems, Retail Devices.  Configure your own Systems for us to install.  more ...

GeoIP Location

Bookmark Us

Add to: JBookmarks Add to: Facebook Add to: Buzka Add to: Windows Live Add to: Ximmy Add to: Bookmarks.cc Add to: Linkarena Add to: Digg Add to: Del.icoi.us Add to: Reddit Add to: Jumptags Add to: Upchuckr Add to: StumbleUpon Add to: Slashdot Add to: Netscape Add to: Furl Add to: Yahoo Add to: Blogmarks Add to: Diigo Add to: Technorati Add to: Newsvine Add to: Blinkbits Add to: Ma.Gnolia Add to: Smarking Add to: Spurl Add to: Google Add to: Blinklist Information

Spam Free



Translate Page


Marlene's Blog Newsfeed Subscribe to FeedBurner

Products and Services

 
Product Details
 
 
 

CCS Customer Comments

Customer Referrals

CCS offers rewards for each new, verified Prospect referral. We encourage you to think of the value that CounterPoint has added to your business and share that with others who will also benefit.

Submit a ReferralSubmitReferral

Get Involved In Our Site!

Become an Author.We encourage our customers, suppliers, and friends to participate in our site.  See the Visitor Services pages for details.