MPC Hill Blast: Lower Swipe Fees, Consumers Save
A new Harvard Business School working paper says "Lower interchange fees lead to increased sales and lower prices.”
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MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 10.5 cents on the average gallon of gas and 13.3 cents on the average gallon of diesel, costing American consumers $60.9 million per day.
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MPC Hill Blast: $9.2 Billion
A new Harvard Business School paper says credit card swipe fees and rewards transfer $9.2 billion a year from low- and middle-income households to wealthier households.
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MPC Hill Blast: Why Do Convenience Stores Care About High Credit Card Swipe Fees?
Credit card swipe fees are out of control. Total payment card swipe fees were $198 billion last year. The fees have increased by 80% since 2020. For all Main Street retailers, the fees are their second-highest operating cost on average. Is there a reason that convenience stores in particular care? Yes — annual data that has just been compiled for the year 2025 demonstrates this vividly.
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MPC Hill Blast: Who Swiped the Peeps?
Everyone loves Peeps at Easter. You can even make dioramas out of them. But, once again this year, credit card swipe fees took a lot of the fun out of Peeps. The average family was hammered with $4.62 in swipe fees on Easter spending alone. That is three packs of eight Peeps — swiped right out from under our noses.
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MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.8 cents on the average gallon of gas and 13.3 cents on the average gallon of diesel, costing American consumers $58.2 million per day.
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MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.5 cents on the average gallon of gas and 12.8 cents on the average gallon of diesel, costing American consumers $56.3 million per day.
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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.
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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.
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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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