The Daily Overview on MSN
Who really gets rich every time you swipe your credit card
Every time a card terminal chirps and a sale goes through, a small slice of that purchase is quietly carved off and routed ...
Swipe fees are charges merchants pay when accepting card payments. They range from 1% to 3% depending on card type and brand. Swipe fees eat into profit margins but can be managed with smart ...
Retail Insight Network on MSN
Why US retailers want new swipe fee legislation
US retail groups are urging lawmakers to reform credit card swipe fees, saying dominant networks limit merchant choice.
The Credit Card Competition Act (CCCA) aims to reduce credit card swipe fees charged to small businesses. New Jersey small businesses paid over $3 billion in swipe fees in 2023, impacting consumers ...
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