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

THE BIGGEST BANK FEE YOU’VE NEVER HEARD OF

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 $50 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

Why Americans must tell Congress to keep debit swipe fees in check
22-Sep-2016 – NRF


Let’s Not Repeat Failings of Pre-Durbin Age
22-Sep-2016 – American Banker


Debit-card reform is a proven success. Congress should not try to kill it
13-Sep-2016 – Washington Examiner


Merchants ask Congress: why tilt the scales against fair and free markets?
13-Sep-2016 – The Hill


Jeb Hensarling’s big bank bonanza bill
12-Sep-2016 – The Hill


Don’t Roll Back Debit Reform’s Progress In Helping Consumers
9-Sep-2016 – The Daily Caller


Walmart, Kroger, Home Depot warn House GOP on banking bill
6-Sep-2016 – Washington Examiner


Why rollback competition now?
1-Sep-2016 – The Hill


Checking Account Fees on the Decline
23-Aug-2016 – LowCards.com


Give local businesses a little boost by remembering to pay with cash
13-Aug-2016 – Portland Press Herald


White House Says Dodd-Frank Not to Blame for Decrease in Community Banks
10-Aug-2016 – Wall Street Journal


Sainsbury Wins $91M In Mastercard Fee Dispute
15-Jul-2016 – Pymnts.com


Red Bank Toast burned by credit, debit card fees
14-Jul-2016 – App.com


Killing the Durbin Amendment Is a Horrible Idea
14-Jul-2016 – American Banker


Small business sees big problem with proposed ‘swipe fee’ legislation
13-Jul-2016 – WSFA


Cash is king: helping small businesses survive
13-Jul-2016 – The Hill


£450 each from MasterCard? Everything you need to know about the MasterCard compensation case
7-Jul-2016 – The Daily Mirror


The Money-Making Fee Driving Lawsuits Against Mastercard, Visa
7-Jul-2016 – The Street


MERCHANT COMMUNITY URGES CONGRESS TO PROTECT DEBIT SWIPE FEE REFORM
7-Jul-2016 – NACS


MasterCard Faces U.K. Class Action Over Card Processing Fees
5-Jul-2016 – Bloomberg


More Unfair Fees in the News  >>