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Rises In Credit Card Fees Hit Merchants

September 5th, 2023 by WCBC Radio

Every time you swipe a credit card for a purchase at a restaurant, you pay your bill. But did you realize the restaurant gets a bill for your bill?  Now, those bills are set to go higher as both VISA and MasterCard have announced they will be increasing the fees merchants pay when they accept credit card payments.  WCBC News spoke with Levi Lutz from Bella Napoli on Greene Street in Cumberland.  Lutz said his business pays a fee on each credit card transaction. Those fees can vary from business to business.  At the end of each month, he has to pay the credit card company…

  

Some businesses have already passed the credit card company charges on to their customers or are planning to in the future…