Small business owners may pay up to 10 times more
The RBA payment Systems Board annual report has indicated that small business owners may pay up to 10 times more in bank fees than big business and as much as 2.0 percent in interchange fees for transactions that would only cost a large business 0.20 percent. Small businesses should shop around and compare various financial institutions rates to ensure they are getting the best deal available. Are Small Businesses getting the best deal from the Bank?
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