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12 Jul 2009 11:38

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Biz: Why 7-Eleven is fighting against bank card interchange fees

  • $6
    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
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2009 17:55

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Biz, U.S.: If you’re on unemployment, don’t use the debit cards

  • 30 states offer debit cards as a direct-deposit option to those who are on unemployment; most have contracts with banks.
  • 40¢–$3 service fees that come with the cards. Yes, you’re getting fees on your unemployment from the government. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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