In this time of economic decline, there is mass opinion on how we can stabilize the economy, return money to consumers and help businesses improve their bottom line. Pay in cash, pay in cash, pay in cash. Every time a credit or debit card is used, the credit card company, merchant service provider and the terminal service gets a piece of the charge. Typically about 2.35% to Visa , MasterCard , AMEX or Discover , .25 or .35 to the Merchant services company and a monthly fee for the terminal service. The consumer doesn't see any of these charges, but they are deducted from the sale before any of the money ends up in the Merchant's bank account. So what, some say. Lets look at how, eventually, the credit card companies will have all of the money, leaving the economy in an imbalanced state and the consumers wondering where all the money has gone. For the sake of space, we will pretend that $10 is the total of all the money in America. We start out with $10. We swipe a debit/credi...
Writings and artwork from Jennifer Lynn Mitchell. Purpose - Clean Earth - We the People - My Adventures - My Stories