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Local News - Local News - January 31, 2013
Inland Northwest retailers mull credit card swipe fees
Settlement allows adding cost to credit-card users; retailers remain hesitant

By Treva Lind
Of the Journal of Business

Geoff Forshag, co-owner of Two Wheel Transit Bicycles, says that store won't charge swipe fees because they have the potential to hurt relationships with customers.
Geoff Forshag, co-owner of Two Wheel Transit Bicycles, says that store won't charge swipe fees because they have the potential to hurt relationships with customers.
—Staff photo by Treva Lind
Spokane-area merchants are wrestling with whether to begin assessing customers a credit-card surcharge—or swipe fee—of up to 4 percent of a purchase amount, as now allowed following the recent settlement of a class-action lawsuit.

Beginning Jan. 27, businesses could impose the surcharge under certain requirements in most states as part of the settlement approved by a U.S. District Court judge in New York. The settlement followed a 2005 lawsuit brought by retailers against...


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