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May 21, 2008

Article explains how credit card fees hit gas stations

Over at The Philly Inquirer's Philly.com, reporter Henry Holcomb has more on the impact of credit card interchange fees on small retailers, especially gas stations, in his story Credit card fees further strain gas stations:

Gasoline at $4 a gallon might be a burden for consumers, but it is a windfall for credit card companies, according to industry experts. Caught in the middle are the gas station operators, who must pass the credit card fees on to their anguished and angry customers.
My testimony last week.

Posted by Ed Mierzwinski at May 21, 2008 09:32 AM


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