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Infographic: How Much Cash Do You Carry?

August 5th, 2013 at 9:13 am

How much cash is in your wallet right now? Chances are it’s not a very large amount, according to survey results in the July 2013 issue of MONEY Magazine. When the magazine asked readers how much cash they carry, 42% responded that they only carry between $1 and $40. Some of the other statistics MONEY shared seem to show the downfall of cash even more. Take a look at the infographic below to see how often we’re choosing cashless payment options instead of cash.

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No End in Sight for High Credit Card Fees

February 5th, 2013 at 3:45 pm

Credit card fees have always been troublesome for retailers, but a recent settlement between card issuers and merchants means those fees are about to become a bigger problem. The settlement is the result of a massive anti-trust case brought by retailers against financial firms such as Visa and MasterCard. The card issuers were accused of unlawfully fixing “swipe fees” – the fees the merchants are charged every time a customer pays using a credit card. Merchants had hoped to see lower swipe fees, but the settlement only requires an eight-month reduction in those fees. The settlement also allows retailers to pass those fees on to customers by adding a credit […]

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