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Merchants From Across the Country Speak Out Against Rising Swipe Fees & Their Impact on Prices & Job Creation


Every time you swipe a credit or debit card, your bank takes a bite out of your payment. In fact, these hidden swipe fees cost Americans more than all credit-card annual fees, cash- advance fees, over-the-limit fees and late fees combined.

Did you know:

  • Merchants pay $80 billion annually in swipe fees, most of it a windfall for the banks
  • Between $2 and $4 on every $100 spent using a credit card goes to the banks, even though it costs only a few pennies to process the transaction. In many cases, the swipe fee is higher than what the merchant earns on the sale
  • These fees drive up the prices for everything from gas to groceries, costing the average family more than $400 every year
  • U.S. swipe fees are among the highest in the world; 7 times higher than the standard European rate even though there is higher volume and low technology costs here
  • U.S. swipe fees are more than 4 times larger than in Australia
  • Credit card swipe fees have tripled since 2004 despite technological improvements that have driven down the processing costs
  • For most merchants, swipe fees have become the second-highest operating expense after labor
Join the Fight Against Hidden Credit Card Fees

Unfair Fees In The News

Card networks must give banks, merchants a vote on fraud prevention
22-Dec-2017 – American Banker

Retail Groups File Amicus in SCOTUS Amex Credit Card Fees Case
14-Dec-2017 – Retail Industry Leaders Association

After Debit Card Fee Reform, It’s Time to Focus on Credit Cards
9-Nov-2017 – Morning Consult

Fees for using credit cards are out of control and need reform
16-Sep-2017 – Washington Examiner

Your debit cards are cheaper to use now: Credit cards should be next
22-Aug-2017 – The Hill

Durbin repeal’s halted for now, but the merchant fight goes on
22-Aug-2017 – Payments Source

Wells Fargo accused of ripping off mom-and-pop shops
11-Aug-2017 – CNN Money

Wells Fargo Accused Of Overcharging Small Businesses
11-Aug-2017 – Consumerist

Congress picks free markets over stuffing big banks’ coffers
10-Jun-2017 – Washington Examiner

Thank You, Congress, for Siding With Consumers and Small Business
9-Jun-2017 – Morning Consult

Local retailer explains why saving debit-card reform is crucial to his business, your wallet
6-Jun-2017 – The Hill

Banks want higher debit-card ‘swipe fees,’ but an effort to allow them has crumbled
25-May-2017 – Los Angeles Times

GOP to drop effort to remove caps on debit card fees in win for retailers
25-May-2017 – CNBC

Retailers cheer GOP retreat on ending debit card fees limit
25-May-2017 – Associated Press

Here’s why the Durbin repeal got pulled from House reg relief bill
25-May-2017 – American Banker

House Republicans to drop debit rule repeal
24-May-2017 – Politico

GOP Lawmaker Drops Debit-Card Provision From Regulatory-Overhaul Bill
24-May-2017 – The Wall Street Journal

Banks Want to Raise Debit-Card Swipe Fees. Republicans Say No
24-May-2017 – Bloomberg

Dumping debit regs would kill competition
9-May-2017 – Payments Source

Canadian shoppers pay when Visa and MasterCard squeeze small business
8-May-2017 – Financial Post

More Unfair Fees in the News  >>