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Cap credit card swipe fees. Small business vs the big banks

Swipe fees hit a record $198 billion, and you pay about $1,200 a year more in prices because of it.

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Every tap of a card sends a cut to the card networks: the highest swipe fees in the developed world, up 80% since the pandemic, now most retailers' second-biggest cost after wages.

Small businesses can't negotiate and can't refuse. So the fee gets baked into every price, costing the average family an estimated $1,200 a year whether they use a card or not.

We demand real competition between card networks and a cap on swipe fees, the reform the big banks have lobbied into the ground for years.

The corner cafe and your grocery bill are on the same side of this one. Sign with them.

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