Credit Card Competition Act of 2023

The Big Banks and Credit Card Companies are Sticking it to Consumers, But Congress Can Stop Them.

  • Every time you use your credit card, Big Banks are raking in BILLIONS!
  • With every swipe, they charge 2-3% or more.
  • Since COVID, swipe fees are up more than 50%, costing the average American Family over $1,000 per year.
  • Americans pay the highest credit card swipe fees in the world, seven times what Europeans pay.
  • Visa and Mastercard control 80%+ of the US credit card market and fix fees to enrich themselves and the mega-banks: JP Morgan Chase, Wells Fargo, Bank of America, and Citi.
  • Competition will fix this problem. Congress must break this powerful duopoly now before prices are forced even higher.


Congress: Pass the Credit Card Competition Act Now.


Tell Congress to End Swipe Fee Price Fixing Now. Pass The Credit Card Competition Act Now! (S. 1838/H.R. 3881).

The Merchants Payments Coalition is a group of retailers, supermarkets, restaurants, drug stores, convenience stores, gas stations, online merchants, and other businesses focused on reforming the U.S. payments system to make it more transparent and competitive. MPC firmly believes in opening up the payments market and introducing competition, which in turn would lower costs and drive innovation.