Warning to U.S. merchants: get ready to pay higher fees for Visa and Mastercard transactions.
According to The Wall Street Journal, the nation’s biggest card networks are set to raise certain fees imposed on American businesses for processing transactions. There are two hikes scheduled for April.
The first is the interchange fee, a levy merchants paid to financial institutions when customers use a credit or debit card to buy an item from the store.
The second is a fee that the credit card companies charge banks for processing card payments on behalf of merchants.
Visa did confirm that fee hikes will start in two months, but they will only be levied against merchant banks. Mastercard did not respond to the reports.
It is estimated that as much as 2.5 percent of the price for goods and services goes to cover card fees.
How can Americans sleep at night while the USA is collapsing?
Soros, Obama, Clinton, and Trump all support endless wars, debt, and tyranny. What’s the difference?
Has Trump opposed trade wars, starting wars with Iran, Mexico, China, Russia, and North Korea, driving up the debt, ending minimum wages, opening concentration camps, banning free speech, religious freedom, freedom from warrantless searches, freedom from torture, security cameras, license plate readers, checkpoints, redlight cameras, speed cameras, FBI facial and voice recognition, curfews, gun bans, NSA wiretapping, the end to the right to silence, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, IMBRA, private prison quotas, no knock raids, take down notices, no fly lists, terror watch lists, Constitution free zones, stop and frisk, 3 strikes laws, kill switches, National Security Letters, DNA databases, kill lists, FBAR, FATCA, Operation Chokepoint, TSA groping, civil forfeiture, CIA torture, NDAA indefinite detention, secret FISA courts, FEMA camps, laws requiring passports for domestic travel, IRS laws denying passports for tax debts, gun and ammo stockpiles, laws outlawing protesting, police militarization, and Jade Helm?
Has Trump arrested the bankers, decreased taxes, kicked out the illegal aliens, ended the Fed, ended the wars, ended welfare, ended Obamacare, and restored the Bill of Rights?
Trump doesn’t work for you. He works for the elites.
The time for supporting Trump has ended and the time for buying gold, guns, and food has arrived.
Wake up. Think. Spread the word. Dark times are coming.