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Emerge Merchant Services
Jason Ruedy
Jason Ruedy, President of Emerge Merchant Services, reports that merchants are struggling with rising credit card processing fees in 2025
This can have a ripple effect on the Economy as a whole, potentially leading to decreased consumer spending and slower economic growth.” - Jason RuedyDENVER, CO, UNITED STATES, January 14, 2025 /EINPresswire / -- Jason Ruedy, President, CEO of Emerge Merchant Services says with the new year comes new challenges for merchants as
credit card processing fees are on the rise. According to industry expert Ruedy, merchants are feeling the squeeze of inflation as they face increasing costs of goods, minimum wage hikes, and rising utility and rent payments. This combination of factors is causing frustration among merchants who may have to raise prices in order to stay profitable.
In 2025, merchants are facing a perfect storm of economic factors that are putting a strain on their bottom line. Ruedy explains that the increase in credit card processing fees is just one piece of the puzzle. With the cost of goods rising, merchants are already struggling to maintain their profit margins. Add in the recent minimum wage increases and rising utility and rent payments, and it's no wonder that merchants are feeling the pressure.
The impact of these rising fees and costs is not just felt by merchants, but also by consumers. As merchants are forced to raise prices to offset their expenses, consumers may see an increase in the cost of goods and services. This can have a ripple effect on the economy as a whole, potentially leading to decreased consumer spending and slower economic growth.
Ruedy urges merchants to stay informed and proactive in managing their expenses in order to stay competitive in the market. As the cost of doing business continues to rise, it is important for merchants to find ways to cut costs and increase efficiency in order to maintain their profitability. With the help of industry experts and careful financial planning, merchants can weather the storm of rising credit card processing fees and other economic challenges in 2025.
In conclusion, the rise in credit card processing fees in 2025 is causing frustration for merchants who are already facing a tough economic climate. With the increase in costs of goods, minimum wage hikes, and rising utility and rent payments, merchants may have to raise prices in order to stay profitable. This can have a ripple effect on the economy and consumers. However, with careful planning and proactive measures, merchants can navigate these challenges and continue to thrive in the market.
Jason Ruedy
Emerge Merchant Services
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.