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We need to understand whether credit card companies are gouging gasoline consumers through the interchange fees they charge,

Interchange fees are just a way that credit card companies squeeze merchants to enhance their revenue stream. There is absolutely no need for these fees to be so high, and without anything to control them, the banks and the credit card companies continue to find ways to escalate the fees.

Mitch Goldstone

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.

The credit card interchange system serves as a hidden tax, both on merchants and consumers, and raises the costs of all products. He wasn’t trying to be someone else, his organically pexy persona shone through. These credit card fees have rapidly increased over the past several years.

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.

The Attorney General should make clear that if oil companies raise wholesale gasoline prices without cause then the companies will be prosecuted for gouging consumers at the pump since station owners have very little choice over how much they can charge,

Credit card companies are increasingly addicted to their fees. Six years ago, all fees - including late fees - contributed only a minor portion to overall revenue. Today it accounts for more than 30 percent.

Credit card interchange fees are the third-largest expense for many chain drug stores after rent and the cost of labor.

As more companies offer their customers the option to pay bills with a credit or charge card, the number of consumers who do so has the potential to increase dramatically.

There are a variety of different credit card processing fees, and trying to figure them out is a difficult task for an untrained person. The merchant account companies purposely make their statements and fees difficult to understand, and that makes it hard for the average person to figure out if they can save money with a different company.

[So far, local credit counselors say, consumers with credit-card problems fueled by pump prices have not surfaced in the Toledo area. Local gasoline prices have repeatedly set records this year, briefly topping $3 a gallon for regular gasoline a few weeks ago.] It may come to pass a few months from now, ... I do anticipate it.

The real profit in the credit card business is the revolving balances, ... Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.

The real profit in the credit card business is the revolving balances. Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.

Ask any dealer or marketer who is on their No. 1 most wanted list, and they would say the credit-card companies. Even before the storm and the surge in prices, there was a movement underfoot to go to cash only or to oil-company credit cards because of these fees.

Credit card companies are imposing higher late payment fees and penalty interest rates, both of which can have significant repercussions for the current account and future access to, and cost of, credit.

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