Thursday, March 31, 2011

Credit Card Scam

If you've every tried to start a business then you know that in order to accept credit cards you take a hit of between 2-4% that goes directly to the merchant (VISA or MASTERCARD).


Because they want 12 billion in profits a year.

And if they have their way, legislators will let die a bill that will prevent the ridiculous fee.

That's 12 billion back to consumers BTW (or 12 billion in the pockets of businesses).

Regardless, unscrupulous and unreasonable charges from banks have brought them billions. They don't want to give it up for no other reason than greed. Pathetic.

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