Scant savings on ‘swipe’ fees for Charlotte retailers

From: Charlotte Business Journal

Adam O’Daniel

At the Common Market deli and corner store, owner Chuck Barger admits debit-card interchange or “swipe” fees are difficult to understand, even after months of banks screaming about new rules governing the charges.

And he was left scratching his head this week when asked about how the controversial Durbin amendment would effect his South End store off South Tryon Street.

“I don’t really see any savings,” Barger says.

There may not be any savings to see. As the first debit-card processing-fee statements since new regulations took effect begin to arrive in retailers’ mailboxes, merchants might be disappointed, experts say.

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