Its a contract, the tables can easily be turned, how about the fact that the national retail foundation opposed to the minimum wage. In Australia consumers suffered and retailers didn’t pass on the savings to consumers , the federal reserve bank paper notes that this is a complex issue that doesn’t have an answer but of course special interests don’t care about that they want the maximum profit and benefits to themselves which is understandable to a degree but not in the consumers interest.

They know that, which is why they try to form misleading “consumers for competitive choice advertisements”, or many blogs taking on the big banks, which is ironic because national retailers like walmart would want lower interchange fees, who is the next “big”.

Here is something that really tips the author’s point, how about forcing businesses to accept credit cards during the next congressional session, think it can’t happen, in new york city taxi cabs have to accept credit cards, one can say well this only applies to business with more than 50 employees or national franchises aka retailers, or give tax breaks to companies who do electronic transactions aka credit cards , countries have been having paperless transactions, given the risks of cheques and potential for no guaranteed payment and fraud (which of course the credit card companies have to deal with and the interchange fee covers that risk), then merchants choice will probably be to have to accept credit cards.

Is there a much better solution that can be in the retailer’s interest , perhaps but its not likely to asked, they want the best profit and the best rates , but when you ask too much, the tables can be turned the other way the next session.