In 2022, credit and debit card processing fees totaled $160.7 billion, according to the Nilson Report. That was up 16.7 percent from 2021 and more than double the $66.5 billion seen a decade earlier in 2012.
Fees for credit cards alone totaled $126.4 billion in 2022, almost two-and-a-half times the $51.5 billion from 2012, according to Nilson.
Fees for Visa and Mastercard credit cards alone – the two largest card brands – totaled $93.2 billion in 2022, close to triple $32.7 billion in 2012, according to Nilson.