Where's my
debit discount?

Thanks to a regulation from Congress, starting October 1, 2011, retailers began paying a lot less to accept debit cards. And they promised to pass the savings on to you.

A representative of the National Retail Federation said “Merchants are ready to pass lower swipe fees along to consumers in the form of discounts and other benefits as soon as reform goes into effect…” the reform went into effect October 1, 2011 giving retailers an $8 billion dollar yearly windfall.

Have you seen reduced prices on gas, groceries, or other goods?

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