I am a huge fan of 7-Eleven. For the first few months after our wedding, my husband and I had a nightly ritual of taking a walk together and stopping by 7-Eleven for Slurpees. It was a simple and fairly inexpensive way to get out of the house, have some good conversation, and connect at the end of our busy days.Now, usually my husband has enough cash on him for the $3 and change that two Slurpees cost, but on occasion, he had to use his card to cover our drinks. That's why I was so happy to hear last week that the National Coalition of Associations of 7-Eleven Franchisees had successfully petitioned the government to pass swipe fee reform.
Every year, retailers are charged about $12 billion in swipe fees by credit card companies, which means that all the times we had to use a credit card to buy our Slurpees, it was costing 7-Eleven extra to process the transaction. They had to bump up prices in order to cover the extra cost of credit card transactions which meant that 7-Eleven customers were paying a little more on drinks, snacks, and groceries. Now that swipe fee reform has gone through, 7-Eleven won't have to pass along that expense to customers like me.
If you want to learn more about swipe fee reform, you can check out their website at http://www.
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