Contrary to claims made by corporate mega-stores, the data demonstrates credit card interchange rates, which have remained stable for nearly a decade, are not a contributing factor to these hardships.
A new explainer document from the Electronic Payments Coalition (EPC) titled “IT’S NOT YOUR CARD: Unpacking the Costs that Actually Crush Small Restaurants” highlights the surging labor costs, skyrocketing prices of goods, and escalating rents squeezing small restaurant owners.
