How do these fees impact consumers?
March 29, 2021
- Fees are most merchants’ highest operating cost after labor and drive up prices paid by consumers, amounting to over $1,000 a year for the average family.
- These fees account for between $2 and $4 of every $100 consumers spend. In other words, a product that sells for $100 could sell for between $96 and $98 without these fees.