MPC Hill Blast: 4½ Months’ Worth of Groceries
New data was just reported by The Nilson Report payments industry analyst showing that U.S. businesses paid $198 billion in swipe fees last year, up from $187 billion in 2024. $119 billion of those fees were Visa/Mastercard credit card fees. These fees are up 80% since the pandemic.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.3 cents on the average gallon of gas and 12.4 cents on the average gallon of diesel, costing American consumers $54.9 million per day.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.2 cents on the average gallon of gas and 12 cents on the average gallon of diesel, costing American consumers $53.9 million per day.
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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.
READ MORE +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.
READ MORE +MPC Hill Blast: ‘Extensive’ and ‘Punitive’ Credit Card Swipe Fee Increases
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
READ MORE +MPC Hill Blast: The Hidden Force Pushing Up Gas Prices
Customers don’t see it, but there is a hidden factor pushing up the price of gasoline — and virtually everything else that Americans buy. That hidden force is credit card swipe fees.
READ MORE +MPC Hill Blast: 'Persistent Cost Pressures'
The James Beard Foundation just issued its annual report on “The State of Independent Restaurants” and the picture is sobering.
READ MORE +MPC Hill Blast: 'Money, Power and Profit'
The latest installment of Robert Kiyosaki’s “Money, Power, and Profit” titled “The Cartel” is quite a read. It devastatingly walks through the problems with the two separate cartels that Visa and Mastercard have formed to set and charge credit card swipe fees.
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CardRates.com: Interchange at Risk in Illinois
Merchant groups came out in support of the ruling, with the Merchant Payments Coalition releasing a statement that labeled it a major victory.
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