Impact of proposed Visa, Mastercard settlement on Panhandle restaurants

AMARILLO, Texas (KFDA) – With Small Business Saturday approaching, consumers are being encouraged to pay at Panhandle restaurants with cash instead of credit cards when possible.

According to the Texas Restaurant Association (TRA), credit card swipe fees now average 2.5% per sale.

The fee trickles down to consumers, as businesses are pressured to raise prices to turn a significant profit…

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