Big Credit Card Firms Agree to Cut Fees They Charge Merchants

Big Credit Card Firms Agree to Cut Fees They Charge Merchants

Credit Cards
September 20, 2018 • 7 min read by James Conners   Swipe, insert, or tap — sound familiar? According to recent research, 66 percent of all point-of-sale transactions are completed by card. And this number is expected to grow with technological developments and time-conscious consumers looking for the fastest payment method. Yet, there are still many businesses that don’t accept credit cards as a form of payment. Why? Because merchants are charged a fee every time consumers swipe, insert, or tap their plastic card. Recently, large credit card companies have lowered these merchant fees. This change is, of course, beneficial to business owners. And, these lower fees could also prove to be a strategic move on the part of credit card companies. What are merchant fees? Merchant fees are costs that business owners must pay to credit…
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The U.S. is About to Add Even More Cities with a Median Home Value of $1 Million

The U.S. is About to Add Even More Cities with a Median Home Value of $1 Million

Real Estate
September 20, 2018 • 6 min read by James Conners   A recent Zillow report found that the average home costs around $1 million in 197 different cities. In 2018 alone, 23 cities have been added to the millionaire’s club. This reflects an ongoing trend in the U.S: homes are simply getting more expensive. Unsurprisingly, most of these million dollar homes reside in wealthy suburbs of popular cities. However, there are a few outliers that indicate home value growth is becoming a universal trend. Joining the list this year are cities like Sullivan’s Island, South Carolina, Biltmore Forest, North Carolina, and Anna Maria, Florida. The numbers keep climbing. Estimates show that the number of cities in which half of homes are valued over $1 million will reach an all-time high over the next year.…
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