Credit-Card Firms See Profits in the Smallest Transactions
Sunday Gazette-Mail › November 07, 2005
Linked as:
Summary
Credit-card companies want to be nickeled-and-dimed by the nation's consumers.
A decade after they began encouraging spenders to put everyday purchases on plastic, financial institutions now want people to use them for even smaller transactions. Known as "micropayments," these transactions typically are less than $2 and can ring up sizable industry profits even when they are less than a dollar.See the full content of this document
Extract
Credit-Card Firms See Profits in the Smallest Transactions
After making a big appearance in online transactions a few years ago with the ability to charge a 99-cent so...
See the full content of this document
Sponsored links
