(SkyNewswire.com)--- Irvine, CA -- In honor of July 4th consumers and gas station owners alike will demand independence from Visa and MasterCard's hidden credit card fees that add another 8-10 cents a gallon on top of already skyrocketing gasoline prices. Service stations owners and consumers are paying record credit card fees as Visa, MasterCard, and their member banks reap the windfall from the 100% increase in the price of gasoline since 2007. About two dollars of every $100 the consumer spends in stores or buying gasoline goes directly to the credit card industry in the form of the interchange fee, the biggest credit card fee you've never heard of. Interchange started as a fee to pay for credit card processing; it has skyrocketed in recent years. American businesses and consumers paid $42 billion in total fees just in 2007 ...
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(SkyNewswire.com)--- Irvine, CA -- In honor of July 4th consumers and gas station owners alike will demand independence from Visa and MasterCard's hidden credit card fees that add another 8-10 cents a gallon on top of already skyrocketing gasoline prices. Service stations owners and consumers are paying record credit card fees as Visa, MasterCard, and their member banks reap the windfall from the 100% increase in the price of gasoline since 2007. About two dollars of every $100 the consumer spends in stores or buying gasoline goes directly to the credit card industry in the form of the interchange fee, the biggest credit card fee you've never heard of. Interchange started as a fee to pay for credit card processing; it has skyrocketed in recent years. American businesses and consumers paid $42 billion in total fees just in 2007 ...