Durbin Amendment

Should you Pay Credit Card Fees or Surcharge Your Customers?

Businesses often face a double-edged sword when accepting credit cards. Credit card processing comes with fees that can eat into your profits, but defraying the cost with a surcharge for shoppers can turn away business. As a business owner, it’s important to decide which option makes sense for your business as a growing number of …

Should you Pay Credit Card Fees or Surcharge Your Customers? Read More »

Trump to Repeal the Durbin Amendment

President Trump may be gunning to reform the Dodd-Frank Act, in particular one of the most contentious policies of the act: the Durbin Amendment. The Durbin Amendment—passed as a stipulation of the Dodd-Frank Act—allows the government to set price caps on fees for card transactions. Before 2009, interchange rates were set by banks and merchants …

Trump to Repeal the Durbin Amendment Read More »