To put a number to it, retailers like our company collectively forked over $148 billion in credit card swipe fees last year. And that’s a roughly $12 billion increase compared to 2023.

But over time, credit card companies and banks have learned how to game the system and swipe fees have gone off the rails while the cost of processing a transaction has actually declined. To put a ...

But over time, credit card companies and banks have learned how to game the system and swipe fees have gone off the rails while the cost of processing a transaction has actually declined. To put a ...

Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.

by Laura Halm Sun, January 27th 2013 at 5:44 PM Updated Tue, May 24th 2016 at 11:47 PM credit-card-fees-jpg-2018096-ver1-0.jpg TOPICS: Shoppers beware: swiping credit card could cost you more ...

Credit cards and the banks that issue them really ought to take the “swipe” out of so-called swipe fees. When customers swipe credit cards to pay for something, merchants are charged a fee of ...

In total, swipe fees on all credit cards totaled $148.5 billion in 2024, up from $136 billion the prior year. Debit card swipe fees reached $38.7 billion, up from $36.3 billion.