Giancarlo Trimarchi is used to his bigger competitors paying less for fruits and vegetables.
That principle shouldn’t, says Trimarchi, apply to interchange fees — the cut of every credit card transaction which goes to the bank who issued the card. Gary Sands, vice president of the Canadian Federation of Independent Grocers, says the discrepancy puts even more pressure on small grocery stores when it comes to competing with the likes of Loblaws, Sobeys and Metro.Banks and credit card companies have argued that the fees are needed to run their networks, and help pay for the rewards on premium cards. .
In an interview this week, CFIB president Dan Kelly said that rate would put all businesses on a level playing field — something he argued smaller companies need desperately in the wake of the global COVID-19 pandemic.
All by design to put all small business out of business with their criminal Great Reset.
So, a bank or trust company that would offer the same service to smaller companies as the big corporations at the same price could do fairly well.
Several businesses in my areas offer a discount if paying in cash. Everyone wins.
... they really think it's the fees?