Floor Covering News: What are dealers doing to combat rising costs?
According to the Merchants Payment Coalition, so-called swipe fees hit a record $187.2 billion in 2024, a 70% increase since the pandemic. This increase is largely due to Visa and Mastercard, which control 80% of the market, raising fees despite lower processing costs.
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Mass Market Retailers: Merchants sound alarm as swipe fees hit $198B
Credit and debit card “swipe” fees hit a record $198.25 billion in 2025, increasing pressure on policymakers and industry groups and sparking renewed calls for legislation to reduce rising transaction costs, according to the Merchants Payments Coalition.
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Chain Drug Review: Swipe fees hit record $198B as reform efforts grow
Credit and debit card “swipe” fees reached a record $198.25 billion in 2025, an increase of 5.9% from the previous year, as pressure continues in Washington for action on rising payment costs, according to the Merchants Payments Coalition. “Credit card swipe fees make just about everything Americans buy more expensive,” said Doug Kantor, MPC executive committee member and general counsel at the National Association of Convenience Stores. “Swipe fees set a new record by taking more of our money every year, and the impact on American families and small businesses is devastating.”
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Credit and Debit Card ‘Swipe’ Fees Reach Record $198.25 Billion as President and Congress Call for Action
Credit and debit card “swipe” fees that big banks and global card networks charge merchants to process transactions have reached a new record of $198.25 billion amid calls by President Donald Trump and others to bring the “out of control Swipe Fee ripoff” under control, MPC said.
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Hardware Retailing: Record Credit Card Swipe Fees Fuel Calls for Credit Card Competition Act Reform
Credit and debit card “swipe” fees have reached $198.25 billion, a new record, amid calls by President Trump and others to decrease the fees, according to the Merchants Payments Coalition (MPC). “Credit card swipe fees make just about everything Americans buy more expensive,” says MPC executive committee member and National Association of Convenience Stores general counsel Doug Kantor. “Swipe fees set a new record by taking more of our money every year and the impact on American families and small businesses is devastating. President Trump, lawmakers across the political spectrum, business groups, labor unions, consumer groups, Native American tribes and more are calling for bipartisan swipe fee reform. It’s time for Congress to make America affordable again by ending the swipe fee ripoff.”
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Home Building Supply Dealer: Swipe fees hit record high in 2025
Credit and debit card swipe fees that big banks and global card networks charge merchants to process transactions reached a new record of $198.25 billion in 2025, according to the Merchants Payments Coalition. “Credit card swipe fees make just about everything Americans buy more expensive,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “Swipe fees set a new record by taking more of our money every year and the impact on American families and small businesses is devastating. It’s time for Congress to make America affordable again by ending the swipe fee ripoff.”
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Payments Dive: State interchange fee laws progress
Meanwhile, the Merchant Payments Coalition issued a press release Thursday noting that combined debit and credit card fees last year climbed nearly 6% to a record annual $198.25 billion, citing a report from the research firm Nilson Report. “Credit card swipe fees make just about everything Americans buy more expensive,” National Association of Convenience Stores General Counsel Doug Kantor said in the MPC release. It’s time to end the “swipe fee ripoff,” said Kantor, who is also an MPC Executive Committee member.
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Digital Transactions: The Card Industry’s Endless War
Merchants argue that prohibition creates cartel pricing, rather than competitive pricing, says Doug Kantor, a Merchants Payments Coalition executive committee member and general counsel for the National Association of Convenience Stores. Neither the MPC nor NACS is a plaintiff in the lawsuit. “The defendants did not address the court’s concerns in their latest settlement offer,” Kantor says. “They tinkered at the edges a bit, but no major changes were made that addressed the central issue [of the lawsuit].”
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MPC Hill Blast: Credit Card Companies Are Inflating Fuel Prices (And the Price of Nearly Everything Else)
Americans buy about 377 million gallons of gasoline per day. The national average price of gas is $3.57 per gallon. If those gallons were paid for with credit cards, the swipe fees on gas sales alone would be more than $31 million PER DAY.
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Law360: Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal
The Merchants Payments Coalition called the ruling "a major victory for merchants, their customers and their employees," arguing that merchants are unfairly punished with fees for performing a pass-through service (i.e., collecting taxes remitted to the government and tips given to workers), while consumers bear the ultimate cost through higher prices.[
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