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After taxpayers were forced to spend billions bailing out Wall Street a few years ago, it’s easy to understand why consumers have little tolerance for new fees from banks their hard-earned money rescued.
It certainly helps explain why many states, including South Carolina, have moved to pass laws against businesses charging their customers credit card transaction fees.
Credit card transaction fees have existed for years. But until recently, MasterCard and Visa did not permit businesses to pass along these fees to consumers.
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