MPC Hill Blast: Who Swiped the Peeps?
Everyone loves Peeps at Easter. You can even make dioramas out of them. But, once again this year, credit card swipe fees took a lot of the fun out of Peeps. The average family was hammered with $4.62 in swipe fees on Easter spending alone. That is three packs of eight Peeps — swiped right out from under our noses.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.8 cents on the average gallon of gas and 13.3 cents on the average gallon of diesel, costing American consumers $58.2 million per day.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.5 cents on the average gallon of gas and 12.8 cents on the average gallon of diesel, costing American consumers $56.3 million per day.
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‘Swipe Fee Ripoff’ Could Cost Families as Much as a Dozen Easter Eggs This Year and Total Nearly $600 Million
Credit card fees that President Donald Trump calls a “swipe fee ripoff” will cost families nearly as much a dozen eggs and the dye needed to turn them into Easter eggs this year as their total impact on the holiday approaches $600 million, MPC said.
READ MORE +MPC Hill Blast: 4½ Months’ Worth of Groceries
New data was just reported by The Nilson Report payments industry analyst showing that U.S. businesses paid $198 billion in swipe fees last year, up from $187 billion in 2024. $119 billion of those fees were Visa/Mastercard credit card fees. These fees are up 80% since the pandemic.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.3 cents on the average gallon of gas and 12.4 cents on the average gallon of diesel, costing American consumers $54.9 million per day.
READ MORE +MPC Hill Blast: Fuel Price/Swipe Fee Tracker
Credit card swipe fees currently amount to 9.2 cents on the average gallon of gas and 12 cents on the average gallon of diesel, costing American consumers $53.9 million per day.
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Credit and Debit Card ‘Swipe’ Fees Reach Record $198.25 Billion as President and Congress Call for Action
Credit and debit card “swipe” fees that big banks and global card networks charge merchants to process transactions have reached a new record of $198.25 billion amid calls by President Donald Trump and others to bring the “out of control Swipe Fee ripoff” under control, MPC said.
READ MORE +MPC Hill Blast: Credit Card Companies Are Inflating Fuel Prices (And the Price of Nearly Everything Else)
Americans buy about 377 million gallons of gasoline per day. The national average price of gas is $3.57 per gallon. If those gallons were paid for with credit cards, the swipe fees on gas sales alone would be more than $31 million PER DAY.
READ MORE +MPC Hill Blast: ‘Extensive’ and ‘Punitive’ Credit Card Swipe Fee Increases
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
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