RetailWire: Is Legislation the Answer on Visa, Mastercard Swipe Fees as ~$200 Billion Record Is Set?
Credit card and debit card swipe fees have reached a record high of $198.25 billion, per the Merchants Payment Coalition (MPC), signaling that merchants — and by extension, consumers — are on the hook for an ever-increasing bill attached to everyday transactions. “Credit card swipe fees make just about everything Americans buy more expensive. 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,” said MPC executive committee member and National Association of Convenience stores General Counsel Doug Kantor.
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Hardware Connection: Swipe Fees Hit Record $198.25 Billion, Renewing Calls for Reform
Credit and debit card swipe fees hit record of $198.25 billion in 2025, according to a new report from the Merchants Payments Coalition, prompting renewed calls from the White House and members of Congress for reforms aimed at increasing competition and lowering costs for businesses and consumers.
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CardRates.com: This Week in Credit Cards: Swipe Fees Reach New High
The Merchant Payments Coalition put a target on credit and debit cards this week. According to a new report, swipe fees reached a record high in 2025, coming in at more than $198 billion. The figure represents an increase of more than $10 billion over 2024’s numbers. In a press release, Doug Kantor, National Association of Convenience Stores General Counsel and Executive Committee Member of the coalition, called on Congress to take action on the fees.
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Progressive Grocer: Swipe Fees Reach Record $198.25B
Credit and debit card swipe fees charged by big banks and global card networks for merchants to process transactions have reached a new record of $198.25 billion, according to the Merchants Payments Coalition (MPC), a group representing retailers, supermarkets, convenience stores, gasoline stations, online merchants and others working for a more competitive and transparent card system.
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Paint and Decorating Retailer: 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 bipartisa
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Convenience Store News: Credit & Debit Card Swipe Fees Neared $200B in 2025
"Credit card swipe fees make just about everything Americans buy more expensive," states Merchants Payments Coalition (MPC) Executive Committee member and NACS 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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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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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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