Passing Interchange Fees To Consumers Works -- When It's Transparent [Forbes]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Forbes
Passing Interchange Fees To Consumers Works -- When It's Transparent Getty Across the country, businesses – especially small, independent businesses – are struggling to keep up with Americans’ exponential credit card use. What’s worse for small businesses: more Americans are using credit cards to pay for small transactions; new statistics show 16% of Americans use credit cards for purchases under $10, up from 12% in 2018. The number is much higher for those with rewards cards; 26% use their credit cards for purchases under $10, up from 23% last year. Factor in the fact that 57% of Americans now have rewards credit cards, and it’s clear why credit cards are becoming small businesses’ biggest problem. Credit card companies charge merchants up to 4% of every electronic transaction in interchange fees, which cover the costs of payment processing and mitigating fraud. This fee doesn’t necessarily have dire consequences for large chains and big brands that generate enough revenue to offset
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News
- How In-N-Out Burger's president runs her fast-food empire: Keep it simple, affordable and close [Yahoo! Finance]Yahoo! Finance
- This Stock Is a Sleeping Giant [Yahoo! Canada Finance News]Yahoo! Canada Finance News
- McDonald's history: Beyond the Ticker [Yahoo! Finance]Yahoo! Finance
- Fast food has become a luxury in California, a franchisee says [Business Insider]Business Insider
- Gov. Newsom and California show why liberals can't be trusted with the economy [USA TODAY]USA TODAY
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form ARS
- MCD's page on the SEC website