Six Small Business Issues at Stake in this Election

Date: 22 Oct 2012 | posted in: Retail | 3 Facebooktwitterredditmail

Here’s a look at six small business issues at stake in next month’s federal and state elections, including bank reform, corporate tax advantages, getting corporate money out of politics, capping credit card fees, and creating preferences for local businesses in government purchasing. … Read More

Soaring Credit Card Transaction Fees Squeeze Independent Businesses

Date: 5 May 2009 | posted in: Banking, Retail | 8 Facebooktwitterredditmail

Independent businesses are largely at the mercy of Visa and MasterCard when it comes to the fees they must pay every time they swipe a credit card.  These fees, which are ultimately passed on to consumers in the form of higher prices, have soared from $27 billion in 2004 to $48 billion last year (or $427 per household). Recognizing the tremendous market power held by card processors, many countries now regulate credit card transaction fees, setting them at rates as low as one-sixth of what U.S. businesses pay.  … Read More