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HTT 230 Week 3 CheckPoint: Credit Card Research NEW

HTT 230 Week 3 CheckPoint: Credit Card Research NEW
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HTT 230 Week 3 CheckPoint: Credit Card Research NEW

All credit card companies charge merchants a credit card transaction fee. Most third-party credit card processing services also charge businesses an additional interchange fee for using their credit verification devices.

Research the fees assessed by third-party credit card processors online.

Write a 350- to 700-word response regarding credit card transaction fees. Address the following in your response:

Identify some of the information you found regarding interchange fees.

If the average business owner loses 2% to 7% of each transaction, how can he or she compensate for the loss?

Is there an advantage—other than potential increased profit—to the merchant for increased sales? If so, what?

In your opinion, is it reasonable for credit card companies to charge a business a processing fee in addition to charging consumers interest on each purchase? Why or why not?

Format your paper according to APA standards

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