How the Durbin Amendment's Debit Fee Cap Can Help Your Business

As a small business owner, what should your strategy be to best capitalize on the Durbin Amendment? In an attempt to regulate debit card transaction fees, the Durbin Amendment has caused banks to raise fees across the board to make up for their financial losses. The law was intended to incent merchants to lower prices due to their now significantly lower transaction overhead. It seems that this cost savings experienced by merchants is not yet being shared with their patrons.

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