Established Contributor
Posts: 930
Registered: ‎07-30-2011
Re: Happy anniversary, swipe fee reform (Opinion Article)

I haven't noticed any reductions in prices from merchants after the debit card swipe fee reform bill passed.  I disagree with the article that merchants didn't just pocket the difference.  They definitely did.  If a merchant is only making 1-3% profit on their goods, they clearly don't possess good business skills and I have a really hard time feeling sympathetic.

Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge