Many small and mid-sized business owners don’t understand credit/debit/prepaid card processing costs, the fees and surcharges they pay, and how these charges impact their bottom line.
That’s according to a recent survey conducted by supporters of The Merchant Bill of Rights. The Merchant Bill of Rights is proposed as an industry standard to inform and educate business owners about card processing costs and drive savings for small and mid-sized businesses.
Nearly 400 merchants nationwide voluntarily responded to the survey. Findings indicate:
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