Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · More Stores Tack On Fees for Credit-Card Purchases · 20 Aug 2021 podcast

That's up from around 4,000 a year ago and up from nearly 2,400 in 2019. voice-verified

In Kardec's case, most of them are online businesses in the U.S., but there are also some brick and mortar type of stores as well. voice-verified

So the numbers are still small, but they're rising. voice-verified

And the pandemic has certainly contributed to the reason why these numbers have recently increased. voice-verified

Over the long term, the total dollar amount of card fees that businesses have incurred has been rising. voice-verified

So if we look at how things played out from 2012 until 2019, the total dollar amount of credit card fees that merchants paid on Visa and MasterCard credit cards essentially went from being in 2012 nearly $33 billion to in 2019 being nearly $68 billion. voice-verified

And that fell last year as the pandemic took hold and many people switched from using credit cards to other payment methods, debit, for example, as well as the fact that people in general pulled back on spending last year. voice-verified

However, the pandemic the last year has also had a pretty big impact voice-verified

with regards to the types of fees that merchants are seeing. voice-verified

And that's because merchants say that many people gave up shopping with cash during the pandemic. voice-verified

They didn't want to go touch, you know, ATMs. voice-verified

There were concerns that the holding cash might in some way help to catch or spread the virus. voice-verified

So more people switched to paying with carts. voice-verified

And essentially what happened for many merchants voice-verified

is that while overall credit card usage in the US fell, many merchants saw that a greater share of their sales was happening with credit cards as opposed to with cash. voice-verified

So what that meant is that more of the purchases that were happening at these businesses over the past year were purchases that were resulting in fees for the merchants. voice-verified

For small businesses, these fees can mean the difference between making a profit or not. voice-verified

I spoke with one small business owner. voice-verified

She has an ice cream shop just outside of Cleveland, Ohio. voice-verified

And she decided after the pandemic began that she was going to begin charging an extra quarter voice-verified

Showing 921–940 of 3,396 · page 47 of 170