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Bank Fees Squeeze Retailers

By Aggregated Content in Business Strategy on July 19, 2012 from http://online.wsj.com/article/SB10001424052702303644004577520662407333958.html

Most people are keenly aware of the annoying ATM fees, late fees and over-limit fees that some banks impose. Yet few know about the credit-card "swipe fees," which are invisible to consumers and have been the bane of hundreds of thousands of merchants, including Mike and Suzanne Schumann, furniture-store owners in Minneapolis.

Suzanne and Mike Schumann say that credit-card swipe fees represent a big expense for their furniture-store business located in Minneapolis.

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