Archives for December 2015

high rates on merchant accounts hurting your margins?


New rules allow merchants to add a fee for the use of credit cards. Merchants are not permitted to add a fee to debit cards.

This patent-pending technology ensures regulatory compliance by determining whether a given card is a credit card or a debit card before the transaction is processed. Zero-Cost Credit automatically applies a fee whenever a credit card is swiped or entered so that you receive 100% of the amount of your sale.

Zero-Cost Credit increases consumer fairness.

Credit cards cost more to accept than cash or debit cards. Under the old rules, merchants were not able to add fees for the use of credit cards, so they passed on this cost to all customers.

When all customers bear the cost of credit cards, the average credit card user receives a subsidy of $1,133 each year from customers who choose cash or debit. 1

1 The Federal Reserve Bank of Boston, “Who Gains and Who Loses from Credit Card Payments” Public Policy Discussion Paper No. 10-03-2010.


For more information please visit

Zero-Cost Credit is a trademark of Noble Payment Technologies, LLC, D/B/A CardX. Zero-Cost Credit and the copyrighted text on this page are used under license from CardX.

Consumer Spending in November

U.S. Consumer Spending in November Boosts Economy

U.S. consumer spending accelerated in November at the start of the holiday shopping season, raising prospects for economic growth in the fourth quarter. Spending climbed 0.3 percent after remaining level in October, according to Commerce Department data. Consumer spending encompasses more than 66 percent of U.S. economic activity, and the gain dovetailed with economists’ predictions. The October reading was revised downward from a previously disclosed 0.1-percent increase, while September spending was slightly stronger than reported earlier. The spending resurgence in November was likely tempered by unseasonably mild weather causing a decline in demand for utilities, but rising wages from a tightening labor market lifted spending. Outlays on long-lasting durable products, non-durable items, and services, all rose in November. Economists could be encouraged to slightly raise their estimates of fourth-quarter GDP on the strength of the November spending boost, which has been hovering around 2 percent.

From “U.S. Consumers Lend Economy a Boost in November”
Reuters (12/22/15) Mutikani, Lucia; Saphir, Ann