Last summer, roughly 6,400 7-Eleven franchisees banded together to express their dislike of “interchange fees,” which are the percentage of each transaction made through Visa, MasterCard or other member banks that are collected from retailers each time a credit or debit card is used.
The fees average about 2 percent per transaction or roughly $1,000 per month for some storesand have become too much too pay, resulting in many franchises discontinuing the cash-back option.Many store ownerscreated the “Stop Unfair Credit Card Fees” petition drive tofight the fees. So far, over 1.6 millionsignatures have been collected (Times Herald).
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