Visa’s Chief Economist, Wayne Best, predicts a $287 billion pent-up summer spending spree, primarily focused around traveling and destination like businesses.
Consumers in the top 42% are beginning to travel once more after the initial Covid outbreaks and according to a recent article from Business Insider, Americans are signing up for credit cards faster than any other time in history with a record 11.5 million new credit card accounts in the first two months of 2022.
With rising interchange rates associated with the acceptance of credit cards paired with the historic record highs for new credit cards; businesses are experiencing the direct financial impact now more than ever on their credit card processing statement.
With FEEPASS business owners can now legally eliminate their processing bill and with the savings even enjoy a summer vacation. Call us today!