Merchants Ask U.S. Authorities to ‘Look Closely’ at Amazon’s Attempt to Reject UK Visa Credit Cards
The Merchants Payments Coalition today called on Congress and federal agencies to “look closely” at Amazon’s recent announcement that it would stop accepting Visa credit cards in the United Kingdom. Even though Amazon changed its mind this week, MPC said the high “swipe” fees that prompted the move are much higher in the United States and drive up consumer prices here even more.
READ MORE +
MPC Letter Highlights Amazon Action on Visa Credit Cards in UK
On behalf of the Merchants Payments Coalition, we are writing to bring your attention to the recent decision – and subsequent reversal – by Amazon to stop accepting Visa credit cards in the United Kingdom because of the high fees charged to process transactions.
READ MORE +
Merchant Group Prods Fed on Debit Routing Proposal
The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.
READ MORE +
Merchants Call on Fed to Complete Work on Debit Routing and Fees as Senate Holds Confirmation Hearing on Powell
As the Senate holds confirmation hearings on another term for Federal Reserve Chairman Jerome Powell, the Merchants Payments Coalition today called on the Fed to finalize its proposal making it clear that merchants can choose which payment networks process debit card transactions and to also update its out-of-date debit card swipe fee regulations.
READ MORE +
Make Credit Card Companies Play by the Same Rules as Other Businesses
While many Tennessee retailers were struggling to survive the pandemic last year, big banks and credit card companies raked in over $100 billion nationwide by skimming hidden “swipe” fees off the top every time consumers used a credit or debit card to pay.
READ MORE +
Credit Card Fees Driving Thanksgiving Inflation
As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
READ MORE +
Swipe Fees Help Drive Thanksgiving Inflation
Swipe fees are a significant contribution to rising holidays costs, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
READ MORE +
Merchants Say Credit Card Fees are Helping Drive Thanksgiving Inflation
As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, the Merchants Payments Coalition said today.
READ MORE +
Merchants Ask FTC to Investigate Card Companies’ Role in Higher Gas Prices
The Merchants Payments Coalition (MPC) has called on the Federal Trade Commission (FTC) to investigate the credit-card industry, saying interchange or swipe fees charged to process transactions have contributed to increases in gasoline prices.
READ MORE +
Merchants Ask FTC to Probe Card Firms’ Role in Gas Price Hike
The Merchants Payments Coalition yesterday called on the U.S. Federal Trade Commission to investigate the credit card industry, saying swipe fees charged to process transactions have contributed to increases in gasoline prices.
READ MORE +