Indie retailers want to accept as many forms of payment as possible to better serve their customers, as well as to achieve maximum sales. Shoppers often prefer to pay with a credit card because they earn prized rewards points.
Retail payment solutions can and should be optimized to the needs of each individual business. Todd Robinson, VP of Marketing for North American Bancard, a full service payment solutions provider, recently spoke with Independent Retailer magazine about the range of small business payment products such as credit, debit, EBT, and gift and loyalty cards, available to help indie retailers support and grow their businesses.
The NRF and retailers, after months of aggressive campaigning, are disappointed by the decision to set the debit card swipe fee at $0.21 per transaction.
Battle continues as small businesses fight to keep transaction fees low as promised in financial reform bill.
Business trade group rallying independent retailers to fight higher fees sought by banks and card issuers.
With consumers still wary of taking on more debt, new findings say debit cards (or cash) will be the currency of choice this Christmas.
An amendment proposed to the recent financial overhaul bills by Democratic Senator Richard J. Durbin of Illinois seeks to reign in the processing fees charged to retailers for the use of debit cards.