Advocates encourage passage of the Credit Card Competition Act during Senate Judiciary Committee hearing. Citing data released by payments consulting firm CMSPI, RILA noted that swipe fees to process ...

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Credit card 'swipe fees' are a significant expense for small businesses, often second only to labor costs. These fees, typically 1.5% to 3.5% of a sale, cost U.S. businesses billions annually. Visa ...

Have you ever asked yourself why gas stations offer a cash discount when you pay to fill up your tank? The answer is: credit card swipe fees. Gas stations, or any business that accepts credit cards ...

This story originally appeared on Spotlight PA. A bill that aims to slightly lower credit card “swipe fees” is moving quickly through the Pennsylvania House. But it faces long odds in the state Senate ...