Biz: Why 7-Eleven is fighting against bank card interchange fees
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bucks The average consumer’s purchase for the kind of food you eat at 3 a.m. in the morning when you have an unexpected hunger for congealed cheese; it’s a very low-margin racket - $150 million The amount that the chain is charged in card interchange fees each year – that’s up from $40 million just five years ago. Like the cheese, the bank card fees also congealed source