Vision Monday: Credit Card Swipe Fees Hit Record-Setting $198.25 Billion
Doug Kantor, Merchants Payments Coalition (MPC) executive committee member and National Association of Convenience Stores general counsel, commented on data that showed credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the MPC.
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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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Retail Customer Experience: Swipe fees hit record-setting $198.25B
Credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the Merchants Payments Coalition.
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Credit Unions Today: Merchants Renew Push For Credit Card Bill, Saying Easter Swipe Fees Will Top Half A Billion Dollars
Credit card “swipe fees” could add nearly $600 million to Americans’ Easter spending this year, according to the Merchants Payments Coalition, which said the added cost underscores fresh pressure on Congress to revive the bipartisan Credit Card Competition Act.
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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.
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Chain Store Age: Credit and debit card swipe fees, charged by banks and by card networks to merchants for transaction processing, has hit a new record of $198.25 billion, according to the Merchants Payments Coalition.
The Merchant Payments Coalition has a not-so-happy forecast for the financial impact of swipe fees on consumers who shop for Easter using credit cards.
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.
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CardRates.com: Swipe Fees Reach $198 Billion as Merchants Escalate Fight Against Interchange Costs
The swipe fees on transactions from credit and debit cards reached a record amount of $198.25 billion in 2025, according to a new press release from the Merchants Payments Coalition. That figure represents more than a $10 billion increase over 2024 when swipe fees came in at $187.2 billion.
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.
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RetailWire: Is Legislation the Answer on Visa, Mastercard Swipe Fees as ~$200 Billion Record Is Set?
Credit card and debit card swipe fees have reached a record high of $198.25 billion, per the Merchants Payment Coalition (MPC), signaling that merchants — and by extension, consumers — are on the hook for an ever-increasing bill attached to everyday transactions. “Credit card swipe fees make just about everything Americans buy more expensive. 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,” said MPC executive committee member and National Association of Convenience stores General Counsel Doug Kantor.
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