The Problem With the Durbin Amendment For Online Merchant Accounts - 0 views

• 
  #1 james jack on 25 Jul 13

   

  The Durbin Amendment to the Dodd-Franklin Act has caused quite an uproar among banks, merchants and consumers alike. Originally intended to protect consumers and merchants against insane swiping fees from using a credit card machine or online payment gateway, many argue that it inadvertently caused the opposite reaction. Banks tend to use swiping fees to increase their profits.

   

  <div class="cArrow"> </div><div class="cContentInner">The Durbin Amendment to the Dodd-Franklin Act has caused quite an uproar among banks, merchants and consumers alike. Originally intended to protect consumers and merchants against insane swiping fees from using a credit card machine or online payment gateway, many argue that it inadvertently caused the opposite reaction. Banks tend to use swiping fees to increase their profits.</div>

  ...

  Cancel

To Top