Interchange Fees On the Rise
According to NACS, in 2005, credit-/debit-card fees, as a percent of gross profit, were 7.9 percent of gross profit dollars, an increase from 6.1 percent in 2004. On an industry-wide basis, the total cost of credit-/debit-fees was $5.4 billion, a huge increase from the $3.8 billion in fees in 2004 and $3.2 billion in fees in 2003.