Articles written by Arch Simonson

Arch Simonson|Aug 9, 2021

Dear Editor: With the acceleration of online shopping, and widespread use of contactless cards and mobile payments in stores during the coronavirus pandemic, almost every retail purchase made today is paid for with a credit card or debit card. That’s a change that may be here to stay, but it’s bad news for merchants and consumers alike, especially those still struggling to recover from the economic impact of COVID-19. The reason is that credit card networks and the big banks charge merchants a “swipe” fee, averaging about two percent of the...