Small-business owners call for clampdown on credit card surcharges
A credit card is placed into a credit card machine for processing payments on September 11, 2023 in La Puente, California. Credit card debt from US...
A credit card is placed into a credit card machine for processing payments on September 11, 2023 in La Puente, California. Credit card debt from US consumers is rising by billions of dollars amid higher inflation and interest rates, topping $1 trillion for the first time in history, according to the Federal Reserve Bank of New York. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) by: Brian Althimer Posted: Oct 4, 2023 / 04:14 PM CDT Updated: Oct 4, 2023 / 04:14 PM CDT Doug Kantor, a member of the Merchants Payments Coalition , joins to explain how charges imposed on merchants for processing card payments hurt small businesses and result in higher prices for customers.