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Retailers that accept credit cards pay a swipe fee to credit-card issuers such as Visa and Mastercard ranging from 1 to 3 percent of the purchase The credit-card companies prohibited retailers from

Retailers that accept credit cards pay a “swipe fee” to credit-card issuers such as Visa and Mastercard ranging from 1 to 3 percent of the purchase. The credit-card companies prohibited retailers from passing that fee on to consumers, but a recent lawsuit settlement proposal lifted that restriction. Under the settlement, retailers can charge 2.5 to 3 percent on each transaction. Discuss this issue and develop a report on the pros and cons of retailers adding a surcharge to credit purchase

Jun 20 2020 View more View Less

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