| Peer review: Merchants pay fees for sales that use plastic
A You have heard correctly: Merchants pay fees when you use your plastic for purchases. Those charges are called "interchange fees," although there may be some fees with other names built in as well. The system is fairly complicated, but the fact is that if you spend $100 using plastic when shopping, the merchant likely will see only $98 or $99 of it. Credit-card and debit signature transactions typically cost merchants between 1 percent and 2 percent of the purchase amount in fees, depending on the type of card and the banks involved. Debit transactions using a PIN cost the merchants much less, around 0.2 to 0.5 percent. These fees are divided among the bank that issued the card, the credit-card network (Visa, MasterCard, etc.), and the merchant's account provider. Some have called those fees an implicit tax, because merchants pass the costs on to customers in the form of higher prices.
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Ken Markling of Bear Valley Electric Service went to Rosemead for answers.Power outages Dec. 27 and Jan. 5 were linked to the Gold Hill Substation, but initial investigations by Southern California Edison came up empty, Markling said. Southern California Edison operates the Gold Hill Substation that feeds power to Big Bear Valley.Further investigations showed switches at the substation designed to cut power during spikes were incorrectly set, Markling said. The switches tripped prematurely and well below the threshold they are designed to trip at, Markling said.Bear Valley Electric Service said it would not pursue punitive action against Southern California Edison at this time. Bear Valley Electric Service would have to prove negligence on the part of Southern California Edison and that would be difficult, he said.
Skyytek Launches Websites Using NetSuite Multi-Site
MIAMI and SAN MATEO, Calif., Jan. 7 /PRNewswire-FirstCall/ -- Skyytek Worldwide, a Solution Provider of NetSuite Inc. (NYSE: N) that has won the NetSuite Partner of the Year award for the past three years, today announced the launch of two websites for Athletic Marketing & Promotion (AMP) -- among the first websites using NetSuite's Multi-Site feature. NetSuite's Multi-Site feature allows companies to integrate more than one branded site within NetSuite's on-demand ERP/CRM software application. As a result, the accounting, CRM, sales force automation and inventory management of multiple websites can be centralized in a single back-end system. Athletic Marketing & Promotions, a company that sells sports merchandize, has two very distinct sets of customers: St. Louis Rams football fans and St.
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