So, it’s pretty clear to you, this web of fees that’s woven around every transaction involving your debit and credit cards?There’s your annual fee - if you have a premium card - and the interest you’re charged if you don’t pay your credit card bill in full every month. That goes to the bank that issued your card.
There’s more. A lot more. It’s what has retailers complaining bitterly. There’s the merchant discount rate and the interchange fee, which consumers don’t see at all.
