Press Release
Press Release June 24, 2024

Consumer and Merchant Groups Urge Senate to Reject Bill Delaying Fed Action on Debit Card Swipe Fees

More than 200 state and national organizations representing consumers and merchants called on the Senate to reject legislation that would delay the Federal Reserve’s proposal to reduce how much big banks are allowed to charge to process debit card transactions.

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Press Release
Press Release June 13, 2024

Merchants Welcome Judge’s Statements Indicating Likely Rejection of Proposed Visa/Mastercard Swipe Fee Settlement

MPC welcomed comments by a federal judge indicating that she is likely to reject a proposed class action settlement over Visa and Mastercard credit card “swipe” fees.

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Press Release
Press Release June 13, 2024

Opposition to Proposed Visa/Mastercard Swipe Fee Settlement at Court Hearing Shows Need for CCCA

Strong opposition from merchants voiced at a hearing on a proposed class action settlement over Visa and Mastercard credit card “swipe” fees shows the need for Congress to pass the Credit Card Competition Act, MPC said.

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credit cards and laptop keyboard
MPC In the News June 10, 2024

Retail Customer Experience: eBay drops American Express credit card acceptance

eBay will no longer accept American Express credit cards citing the swipe fees charged to merchants. The move, according to a press release from the Merchants Payments Coalition, is a "symptom of the underlying problem" impacting retailers.

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Press Release
Press Release June 10, 2024

Credit Card ‘Swipe’ Fees Could Cost Consumers Over $500 Million for Father’s Day

High “swipe” fees that credit card networks and banks charge merchants to process transactions could cost consumers more than $500 million this Father’s Day, MPC said.

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card tap payment
MPC In the News June 07, 2024

Digital Transactions: Illinois heads toward landmark card interchange fee restrictions

Other states, including Texas and Florida, have been considering such bills, but the Illinois legislature is the first to pass such legislation, according to National Association of Convenience Stores General Counsel Doug Kantor, who has been tracking bills on the topic. Driving the trend is a realization that businesses shouldn’t have to reach into their own pockets to pay the swipe fees when they’re collecting money on behalf of others, he said. “There’s a recognition that there’s a very fundamental unfairness going on here: The actual tax dollars that merchants are collecting on behalf of the state are being taken away by the credit card companies,” Kantor said in an interview Friday. “It’s like they’re being penalized for helping out the state in collecting taxes.” That principle holds true with respect workers’ tips as well, he said. Merchants run the risk of upsetting employees and customers if they don’t pass all of the tip to workers, but conversely they’ll need to debit themselves if they don’t take the fees out of the gratuity, he said. Kantor is also executive committee member of the Merchants Payments Coalition, which is one of the merchant trade groups that have backed the CCCA proposal.

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Press Release
Press Release June 05, 2024

EBay Move to Drop Amex Shows Need to Address Swipe Fees

This week’s announcement that eBay will stop accepting American Express credit cards because of high “swipe” fees charged to merchants to process transactions shows the need for Congress to address swipe fees, MPC said.

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credit cards corner detail
MPC In the News June 05, 2024

Digital Transactions: Is eBay’s Decision to Drop AmEx a Ploy To Negotiate Lower Acceptance Costs?

EBay’s move to drop AmEx is also seen by merchant advocates as an indication that sellers are increasingly put off by what they view as the high cost of card acceptance, which is typically measured by the interchange rate, or the percentage of the sale paid by merchants to processors. “Whether it is a small merchant tacking on a surcharge to cover card-acceptance costs or a move to stop accepting a card, there is no question merchants of all sizes are fed up with the high cost of interchange,” says Doug Kantor, an MPC executive committee member and general counsel for the National Association of Convenience Stores.

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choosing card payment
MPC In the News June 05, 2024

London Daily Mail: Another retailer bans American Express, joining revolt led by Costco

According to non-profit the Merchants Payments Coalition, swipe fees have more than doubled over the past decade, and hit a record $172 billion last year when debit cards and all brands of credit cards are included. The fees are most merchants' highest operating cost after labor and drive up prices for the average family by more than $1,100 a year, the group said. "AmEx is just a symptom of the underlying problem,' MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said in a statement on Wednesday. Visa and Mastercard each centrally price-fix high swipe fees that are uniformly charged by all banks that issue cards under their brands rather than letting the banks compete for merchants' business."

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inserting the card POS device
MPC In the News June 03, 2024

RVBusiness: OHI Representatives on Capitol Hill for RVs Move America Week

One of these new relationships is OHI’s recently announced alliance with the Merchants Payments Coalition, a group of more than 20 associations in the retail, restaurant and hotel industry united specifically on the passage of the Credit Card Competition Act. The average RV park and campground in the United States is paying thousands of dollars each month in credit card swipe fees—accumulated every time a camper uses a credit card to reserve a campsite online or in person, or purchases goods at the camp store. The Credit Card Competition Act would break up the stranglehold Visa and Mastercard have on creating these fees, which will increase competition, lower fees for businesses like RV parks and campgrounds that run credit-card transactions.

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