Merchants Disappointed by Veto of Colorado Bill to Ban Swipe Fees on Sales Tax
MPC expressed deep disappointment today after Colorado Gov. Jared Polis vetoed legislation that would have banned credit and debit card swipe fees on sales tax and was poised to deliver significant savings for small businesses and consumers across the state.
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Merchants Say Judge’s Ruling on Illinois Swipe Fee Law is ‘Based on a Technicality’ and OCC Rule Will be Overturned
MPC said a federal judge’s ruling against Illinois’ ban on swipe fees on sales tax and tips is not the last word in the case and that the law is expected to eventually be upheld.
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Swipe Fee Law Delay Will Cost Illinois Consumers and Businesses $500 Million
MPC blamed bank “scare tactics” for Illinois delaying its ban on swipe fees on sales tax and tips and said the delay is estimated to elevate costs in Illinois by $500 million over the next year above what they would have been.
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Merchants Call on OCC to Drop Swipe Fee Rule, Saying Price-Fixing Impact Could Go ‘Far Beyond’ Credit Cards
MPC urged the Office of the Comptroller of the Currency to withdraw a pending rule intended to block state laws on credit card swipe fees, saying the measure endorses price-fixing that could drive up a wide range of fees banks charge both merchants and consumers.
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News Anyway: The Credit Card Swipe Fee War , Main Street Retailers Take on Visa and Mastercard
The Merchants Payments Coalition has persisted in advocating for legislative action, especially with regard to routing changes akin to those implemented for debit card transactions following the 2010 Dodd-Frank reforms.
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WCPT-AM/Heartland Signal: Big banks and Illinois retailers clash over landmark credit card swipe fee law
The Merchants Payments Coalition, a group of retailers and businesses that supports the IFPA, released a report in March saying swipe fees reached a record-high $198.25 billion in 2025. “Credit card swipe fees make just about everything Americans buy more expensive,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “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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Convenience Store News: Retailer Group Opposes Increase in Debit Card Swipe Fees
The Merchants Payments Coalition and member trade associations urged the Senate Banking Committee to reject a proposal that would allow dozens of large banks to increase the fees they charge merchants to process debit card transactions, saying the move would lead to higher prices for consumers.
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Blusher: Banks Are Collecting Millions Daily in Swipe Fees as Gas Prices Climb, Report Says
As gasoline and diesel prices climb, banks are collecting significantly more in credit card “swipe” fees, with estimates reaching as high as $58 million per day. Data highlighted by the Merchants Payments Coalition shows that because these fees are calculated as a percentage of each transaction, higher fuel prices directly translate into larger revenues for card issuers.
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Merchants Oppose Letting Banks Increase Debit Card Swipe Fees as Consumers Face Affordability Challenges
MPC and member trade associations today urged the Senate Banking Committee to reject a proposal that would allow dozens of large banks to increase the fees they charge merchants to process debit card transactions, saying the move would mean higher prices for consumers.
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Progressive Grocer: Colorado Legislation to Regulate Swipe Fees for Card Networks
ccording to research cited by the Merchants Payment Coalition, swipe fees have jumped around 80% since the pandemic, with Visa and Mastercard setting prices over their 80% share of the market. With the passage of the Swipe Fee Fairness and Consumer Safeguards Act, Colorado hopes to up the competition by enabling banks with $100 billion in assets to issue cards from other unaffiliated networks. “This is landmark legislation that will save Colorado small businesses and their customers millions of dollars each year and keep that money in the local economy rather than sending off to out-of-state megabanks and global card networks,” commented MPC’s Doug Kantor.
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