Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News
Come Read Our Featured Articles About Business Opportunities, Franchising, Business Opportunity News and More
Are into healthy living? Do you have an entrepreneurial spirit? If so, you should read about this skincare, beauty and hair care product business opportunity. A company that is pioneering the...
Did you know that you can operate your own business that helps mid to large sized companies with their energy efficiency? Yes you can with this clean technology (cleantech) energy management...
Are you into healthy living? Do you have an interest in working for yourself? Well then, you should check out this nutrition and wellness product business opportunity that enables you to be a top-selling health...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free!
Carelumina
Make up to $1,000/week! We are changing the industry with our physician formulated state-of-the-art products & services!
CTFO
TAKE A FREE POSITION NOW WITH CTFO SELLING CBD HEMP OIL! Join The Hottest Wellness Trend & Next Billion Dollar Industry.
NUMedia
NEW OPPORTUNITY JUST LAUNCHED! Try it before you buy it! Click To Get Your 15-Day FREE Trial! Daily payouts no waiting!
Here's the Quickest & Easiest Way To Earn Passive Income
Absolutely Remarkable Money Making Program! Many come up with excuses when they are afraid to take action! BE DIFFERENT!
Home-Based Travel Business Making $$$$
Cash in with us on the Multi-Trillion Dollar Travel Industry by working as an independent Affiliate for World Discovery!
How Many Leads Does It Take To Close A Sale?
This article is now live on our blog and I know could be very insightful for many. Read On
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
 
Resource Center > Article
Swipe Fee “Victory” Restricts Small Business Owner Options More Than Previously Thought
15 Aug 12 Posted by: Kathleen C Lanza
in In The News
Share this Article:

The yet to be approved $7.3 billion credit card swipe fee settlement against Visa, MasterCard and some of the nation’s largest banks may actually present small business owners with less flexibility than was assumed, according to an article in this week’s New York Times. While many merchants said when the proposed deal was announced that they were skeptical it would change much of anything (see our July blog post on the subject), there were a number of others who said they would welcome the opportunity for the first time ever to charge their customers a small fee for the luxury of using credit cards.

Unfortunately, their having that ability may be more about what looks good on paper and less about what is actually a workable scenario on the ground. Seems there’s a bit of a “Catch-22” provision in the settlement that may complicate things.

So what’s THAT all about? It goes something like this…

According to the agreement, which is slated for court approval in mid-2013, a business owner that adds a surcharge to a Visa or MasterCard transaction would also be required to add one to any American Express transaction, if they also accept that card, and it is estimated that roughly half of them do. American Express, however, has its own rule, and it says that businesses that accept their card must treat all forms of electronic payment the same, including debit cards. But, guess what? Both Visa and MasterCard actually prohibit surcharges on debit cards. So where does that leave a small business owner in terms of options? Limited for sure, and at the very least confused.

Given that debit is the preferred method of payment by many merchants today and that the rule more or less dictates that levying a surcharge on American Express customers means levying one on debit card users as well, let’s just say the whole surcharge idea may be more trouble than it’s worth. As for the credit card companies, this new wrinkle is bound to prompt a whole other round of debate as to how the proposed settlement will affect what is supposed to be a competitive and fair marketplace. And when it comes to the more than 7 million small business merchants who banded together to file the lawsuit in the first place some seven years ago, one has to wonder if all this talk about “settling” anything will actually benefit them or if it’s largely for show.

Read the New York Times article for additional information.

Related Blog Posts
20 Dec 17 Posted by: Margaret Mallonée
in In The News

Are you a busy entrepreneur trying to find the right gift for friends and family? Check out Gifts Your Friends and Family Want to pick out the right gift and be everyone’s favorite gift giver!

If you’re a busy entrepreneur, you may have realized that you have 5 days to wrap up your holiday...
18 Dec 17 Posted by: Margaret Mallonée
in In The News

Have you completed your holiday shopping? Stumped on what to get the entrepreneur in your life? Check out this Entrepreneur Gift Buying Guide and get them something they really want!

Still haven’t done your holiday shopping? It can be tough to find the right gift, particularly for the entrepreneur...
15 Dec 17 Posted by: Margaret Mallonée
in In The News

You hear a lot about Bitcoin. However, do you really know what it is? Check out Understanding Bitcoin Business Opportunities to learn about it and how you can make money in this one of a kind business opportunity.

Bitcoin has been all the buzz over the last few years. Despite its popularity,...
8 Dec 17 Posted by: Margaret Mallonée
in In The News

Always wondered what happened to your favorite athletes after they retired? Check out these Athletes Turned Successful Entrepreneurs!

It’s a great time of year for sports – basketball, football, the World Cup group draw, and more. It seems there is something for every sports lover this time...
22 Nov 17 Posted by: Margaret Mallonée
in In The News

It’s the Wednesday before Thanksgiving! Everyone is gearing up for not only the biggest feast of the year, but also some of the best deals of the year. Don’t miss out on these Cyber Monday and Black Friday Deals 2017!

Black Friday, Small Business Saturday, and Cyber Monday are fantastic times...
 
   
Entrepreneur's Source for Everything Business Opportunity and Franchise Related

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor