What Are Interchange Fees & What Can Merchants Do About Them?

What Are Interchange Fees & What Can Merchants Do About Them?

What are Interchange Fees & How can Merchants Fight Back Against Them? All merchants who accept credit and debit cards should be familiar with interchange fees, and that’s because interchange fees are a costly expense that significantly reduces a merchant’s bottom line. Interchange fees in the US are higher than anywhere else in the world, and last year Visa and…

Why Credit Cards Are Preferred Over Debit Cards

Why Credit Cards Are Preferred Over Debit Cards

Why Credit Cards Are Preferred Over Debit Cards Credit and debit cards have been in individuals’ wallets and pocketbooks for decades, but the former mode of payment is older than the latter. With a credit card, an individual can make a purchase using the card issuer’s money. The card holder will have to pay this money back within 15 to…

Why More Young Adults Use Credit Cards

Why More Young Adults Use Credit Cards

Why Young Adults Are Flocking to Credit Cards in Greater Numbers Take a trip to any mall in America and you’ll see that many of the shoppers are young adults. This segment of shoppers likes to spend money, and often the money being spent isn’t even theirs. According to a Bankrate survey from January of 2021, 50 percent of individuals…