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I found this quote very convincing.
"According to the studies, what it comes down to is that, with a $10 transaction, 65 percent of the time it’s going to be cash – and, as you go up in price to just under $25, that figure drops down to 45 percent."
As we continue to increase our vend price and gross sales, consumers will prefer the use of credit/debit cards over the use of coin. Even if you only have a few washers that accept credit/debit, this will be a necessary part of our operations.
Under the current system of debit card swipe fees, credit card companies charge retailers 1 to 2 percent of the transaction, regardless of the dollar value. The Fed debit card swipe fee proposal also includes giving merchants a choice from at least two independent debit card networks, a move that would create more competition for Visa and Mastercard. The Fed swipe limit proposal was made to comply with a provision of the financial reform bill requiring debit card swipe fees to be “reasonable and proportional” to how much it costs a bank to process electronic transactions.