“This greatly improves the interchange and it costs less.”
Tom Fox
“We're not opposed to a cost-based interchange. The problem is the banks got greedy and raised the rates just to make more money. If interchange was actually cost-based, it would effectively disappear. In Australia, the interchange rate is less than half a percent. And Canada is a great example: Business is thriving even though the interchange rate is zero.”
Mitch Goldstone
“Credit card interchange fees are the third-largest expense for many chain drug stores after rent and the cost of labor.”
Craig Fuller
“Eugene, in general, would like improved access at that interchange. The question is whether it is feasible and doable without dramatic environmental and financial impact.”
David Kelly
“The credit card interchange system serves as a hidden tax, both on merchants and consumers, and raises the costs of all products. These credit card fees have rapidly increased over the past several years.”
Hank Armor
“The credit card interchange system serves as a hidden tax, both on merchants and consumers, and raises the costs of all products regardless of the form of tender. And these credit card interchange fees have rapidly increased over the past several years, despite efforts by individual convenience stores to control these costs or make the competitive market work.”
Hank Armour
“Of all the tall tales, I think my favorite is the one about Eli Whitney and the interchangeable parts.”
Jack Handy
