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The issuer gets paid by taking a percentage of each sale which is called the interchange and it can vary based on the industry, sale amount and type of card used The merchant bank charges a markup fee, based on the industry, amount of sale, monthly processing volume, etc

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Jerry Miller, a Louisville Republican and House State Government Committee chair, announced a bipartisan proposal to levy an excise tax of 27.5% on electronic cigarettes

New York has the highest state cigarette tax in the US at about $4.35 per pack

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