Credit And Debit Card Swipe Fees: Who Should Pay?

06/18/2010 09:30 am ET | Updated May 25, 2011
  • CHARLES WALLACE DailyFinance

When you go into a convenience store, should you be able to get a discount for using a debit card instead of a credit card? Should a store owner be allowed to refuse credit cards on transactions under $10?

These questions are part of an increasingly heated debate about so-called swipe fees, the estimated $48 billion that merchants pay to banks and credit card companies for the use of those ubiquitous terminals in every shop from convenience stores to luxury retail emporiums.

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