Convenience Store News: Credit & Debit Card Swipe Fees Reach New Record in 2024
Credit and debit card swipe fees reached a new high of $187.2 billion in 2024, further driving up prices for consumers, reported the Merchants Payments Coalition.
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CStoreDecisions: Swipe Fees Hit Record Number
Credit card swipe fees, a prominent challenge that circulates the c-store industry often, are once more making headlines with a record number. Swipe fees for credit cards and debit cards combined totaled $187.2 billion in 2024, up from $172 billion in 2023, according to the Nilson Report. The Merchants Payments Coalition noted that was up 70% since the pandemic.
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CardRates.com: Let’s Respect the Decisions of Merchants Displaying the “Cash Only, Please” Signs
In January 2025, Visa raised some of its credit card swipe fees. The Merchants Payments Coalition, an advocacy group supported by restaurant, retail, and other trade organizations, estimates that the fee hike alone will add up to an additional $100 million in annual fees.
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Payments Dive: Retail, crypto groups converge to back stablecoin legislation
The Merchants Payments Coalition and the cryptocurrency interest trade group Payment Choice Coalition issued a joint press release Thursday to say they’re working together to promote “innovation, competition and choice in U.S. payments.”
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Digital Transactions: How Business Groups Are Pushing for Stablecoin Acceptance
A leading merchant association and a group representing stablecoin interests early Thursday threw their weight behind efforts to bring stablecoins into the payments mainstream in the United States. The move by the Merchant Payments Coalition and the Payment Choice Coalition seeks to “promote their shared goals of enhancing innovation, competition, and choice in U.S. payments,” the two groups said in a statement.
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American Banker: Why Mastercard's U.K. settlement won't translate elsewhere
Visa and Mastercard expressed disappointment with the rejection of the U.S. settlement at the time, Members of the National Grocers Association and the Merchant Payments Coalition said the settlement would provide only temporary relief from fees. "Visa and Mastercard have been trying to resolve the issue through settlements, but they keep getting thrown out by the courts, with the U.K. case being a notable exception," Aaron McPherson, principal at AFM Consulting, told American Banker, noting the U.K. settlement was well below the plaintiffs' claim.
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Digital Transactions: Observers And Lawmakers Handicap the CCCA’s Chances As It Heads Back to Congres
“The Senate Judiciary Committee [hearing in November] showed there was a lot of support across the aisle, and even skeptics indicated it would pass. It is just a question of when,” says Doug Kantor, an executive committee member for the Merchants Payments Coalition and general counsel for the National Association of Convenience Stores. “From our perspective, there is a lot of support across the aisle.”
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Payments Dive: Durbin to reintroduce credit card competition bill
“The hearing in the Senate Judiciary committee last year gave a lot of momentum to the Credit Card Competition Act” legislation, Doug Kantor, general counsel for the National Association of Convenience stores, said in an interview Tuesday. That hearing “showed that there is very broad bipartisan support” for the bill. “Even skeptics believe it will pass, and it’s just a matter of time,” added Kantor, who is also a member of the executive committee of the Merchants Payments Coalition.
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WDKY-TV: Record Valentine’s Day spending expected in Kentucky
This year, the average shopper is expected to spend $189 on Valentine’s Day gifts. On top of that, the Merchant Payments Coalition warns consumers should be aware of rising swipe fees on credit and debit cards. Credit card companies are expected to charge shoppers over $600 million in hidden costs.
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Retail Insight Network: Record Valentine’s Day sales to come with added costs
The Merchant Payments Coalition estimates that card processing fees—often referred to as “swipe” fees—could contribute over $600m to consumers’ total expenditure this month.
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