Home   /  News   /  Opinion

advertisement


O’Brien: Swipe fees take big bite out of my burger business

By Don O'Brien - Special Contributor



I was first bitten by the hamburger bug in 1966 as a high school junior flipping them at my local McDonald’s to earn some summer cash. Then, the fast food franchise business was new, exciting and all about great prices for good food. Now, after more than 40 years in the industry and 30-plus years of franchise ownership, I’m sorry to say that it’s more about bank fees than French fries.

Every time a customer in one of the half-dozen restaurants I operate pays with a credit or debit card, the bank charges a hidden “swipe fee” set by Visa or Mastercard based on the size of the transaction. The swipe doesn’t become any more expensive when a customer orders more food. For decades those fees were barely high enough to register in my profit and loss calculations. In the past few years, however, swipe fees have unjustifiably exploded.

Read the complete story...

The story you're reading is premium content from the Austin American-Statesman. Subscribers get total access to all our in-depth news, digital editions and exclusive premium content. You can now also buy a 24-hour digital pass or 7-day digital pass.

For Subscribers: Sign in here if you have already registered your account.

Sign In

For Subscribers: Register your account for digital access.

Access Digital

Read MyStatesman.com now — 24-hour digital pass

99¢ for 24-hours

Read MyStatesman.com all week — 7-day digital pass

$3.99 for 7-days

Subscribe to the Statesman for as little as 33¢ per day

View Offers

O’Brien is currently the owner and operator of six Burger King franchises near Beaumont.

Popular on MyStatesman.com


advertisement

advertisement


Read Today's Paper Online

Read Today's Paper Online

Still like to read the newspaper in the familiar page-by-page format? Great news! Digital versions of today's paper are available on your computer or tablet. And it's included in your subscription.

Learn MoreRead

Manage Your Account

We're Listening

We hope you're enjoying MyStatesman.com, our premium website exclusively for subscribers. Please tell us what you like and what we can do to make it even better by completing a brief survey.

Take The Survey