cash. dave, this is new. can every credit everytime you swipe they can nail you for 4%? yeah. isn t that neat? the merchant fees are going to be passed on directly to the consumer. not even in the cost of the product. this this comes from a settlement from a huge lawsuit that has been going on for many years, where visa used to be able to say you can t charge a different price if you take visa than if you pay cash, and now they can. they have to post signs in the store if they re going to do this, so you can at least know you re being charged more for using your credit card. you said something, they weren t allowed to charge more price for the product higher for using credit card. don t they do that at gas stations? well, they ve been doing it, and this lawsuit has been that s one of the things that brought it up. and wal-mart, the big chains came out against, and it was a clash of the titans between the big retail federation people and the whole visa/mastercard
back is to hit you harder with new kind of fees next time you swipe that debit card. brenda butner, anchor of bulls and bears. so do banks need these debit cards more than we do? it s very rare that banks do things out of their good of their heart. so they make a lot of money off the debit cards, more than checks or credit cards. $10 billion in overdraft fees and $6 billion in merchant fees. it s a lot of money for them to lose now that the new rules are going into effect. they have been trying to do things like, use the debit cards and you charge five items in a day. you re not allowed to charge that many. one of them was for $200. the rest was for $20. they would probably take the $20
they are negotiable. i make a point of every six months renegotiating my shipping fees with my current provider as well as the competitors and my merchant fees. one thing that has absolutely worked for me is customer service. i pride myself on knowing my customers and giving them what they need and what they are asking for and instilling that into my employees as well. the way i look at it, it is not the adage that the customer is always right, but if they re wrong, nobody wins. when i first started my business, i gave everybody a free eyebrow wax to get them in the door. because nobody gets anything for free anymore. so i am going to encourage people, if there is something that they can add on that really just costs them time, to give something away and you will get something back. i promise you. are you too busy to search for the best car rental rates for your business travel?
maximum penalty for its unprecedented safety related woes. in two separate investigations, federal regulators found toyota mishandled recalls for unintended acceleration and steering problems in several of its models. canada s toronto dominion bank is reportedly near a deal to buy the former lending arm of chrysler for more than $6 billion. the fcc appears to be close to passing new network neutrality rules designed to keep phone and cable providers for abusing their control over internet access. however, even if the controversial vote passes a vote in washington today, it could face an uphill battle of appeals in the months to come. american express was the dow s biggest loser on monday, falling 3.5% in the wake of an analyst downgrade, brought on by the fed s proposed cap on credit card merchant fees. boeing was another drag on the dow, despite vowing to ramp up
billion. the fcc appears to be close to passing the new network neutrality rules designed to keep phone and cable providers for abusing their control over internet access. however, even if the controversial proposal passes a vote in washington today, it could face an uphill battle of appeals in the months to come. american express was the dow s biggest loser on monday, falling 3.5% in the wake of an analyst downgrade, brought on by the fed s proposed cap on credit card merchant fees. boeing was another drag on the dow, despite vowing to ramp up production of its 777 aircraft. amazon, however, enjoyed a 3% boost thanks to a jump in on-line shopping this holiday season. keep an eye on adobe systems. after the bell, they exceeded earnings expectations, reporting its first ever billion dollar quarter. shares shot up in late trade.