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When you buy something with a Visa or MasterCard, the credit-card company gets a portion of the proceeds.(The Week)(Brief article)

National Review

| April 21, 2008 | COPYRIGHT 2008 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

When you buy something with a Visa or MasterCard, the credit-card company gets a portion of the proceeds. Usually it is less than 2 percent. Merchants consent to paying this fee in return for the benefits they get from accepting credit cards: more customers, fewer bounced checks. Merchants would like to get those benefits for less, which is understandable. A group of merchants is lobbying for Congress to pass a bill that ...

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