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Negotiating Interchange Fees: One Merchant's Story

We asked for tips last week on how your business deals with high interchange fees on accepting credit card payments. Opponents of laws to regulate interchange fees say, among other things, that merchants can already negotiate with their banks to lower the cost of accepting credit cards. A reader named Michelle said she did just that. But her story hardly makes it seem like a real option for most businesses:

Thanks to all the readers like Michelle who left comments and advice for other business owners. One of the issues that came up a lot is how hard the statements and contracts are to decipher. I’d love to take a look at some examples. If you have a statement or contract that you can scan (either black out identifying info or only scan part of it) and send over, feel free to get in touch by email or Twitter.