Tag: Swipe fees

Gas retailers say ‘swipe fees’ fuel higher prices, siphon their profits

Although Maryland’s retail gas prices were lower than the national average in 2011, consumers are still getting hit at the pump — for paying with plastic rather than cash. A growing practice is to offer cash and credit card prices to combat increasing numbers of credit card users, rising gas prices and high “swipe fees,” transaction fees set by credit card networks for banks.

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