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Not only would merchants get faster payment, a true on-line system could cost merchants as little as 14 cents to handle a $100 debit transaction, compared with up to $2.50 for a credit card transaction.
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Not only would existing merchants lose their right to sue, but claims from merchants created in the future would be barred from court as well.
"Nor would the merchants".
That bill would require merchants to install sprinklers where flammable materials are stored below ground.
That would hurt merchants and investors holding the back vintage, because their stocks of those wines would lose value.
After the Justice Department filed its suit in 2010, Visa and MasterCard agreed to a settlement that would allow merchants to offer incentives to customers for using other forms of payment.
The settlement would provide merchants taking MasterCard and Visa cards since 2004 with cash payments; a temporary rate reduction on credit card transaction fees; and rule changes that would, in theory, allow merchants to negotiate fees on transactions or levy a surcharge when customers use cards.
The losers, obviously, would be merchants because of the costs they could incur.
"But if sales of stuff on Etsy's website are slowing, you would expect merchants would quickly see little benefit in paying for additional services from Etsy".
No longer would a merchant be able to say "no Social Security number, no credit -- even if you have a good credit card".
Or would its merchant platform become the true future focus?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com