Transaction Fees: How Much Do They Cost?

> Posted by Sergio Guzmán

Cash, too, can be a burden.

Having access to multiple channels to make payments makes it easier for consumers to use their money without having to carry cash.
However, what happens when small and medium-sized businesses face what they consider to be high transaction fees when their customers want to make small purchases with plastic?
As a recent Huffington Post article by Zach Carter and Ryan Grim observes, some merchants and service providers are discouraged from using these channels to allow consumers to move their money swiftly.
Are these transaction fees, in that sense, a barrier to the development of a cashless society? And what might that mean for the drive for financial inclusion?
Image credit: Bisanz