And here's what one coalition is doing about it.
 
Supermarket News Daily

NOVEMBER 22, 2022

Retailers make a hard press for credit card processing reform

Merchants are lobbying legislators to get relief from credit card fees

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And now, a poll

It's Tuesday. Time for a poll. Let's talk credit card processing fees. A merchant coalition is now asking lawmakers to pass legislation that would open up the space for other payment networks to process bank card transactions — aka, networks other than Visa and Mastercard, who have both long dominated this territory.

It's a move that the coalition hopes will create competition and potentially lower the pain of credit card swipe fees for retailers.

Bottom line: How much pain are credit card fees currently causing you / your business?

  • It's terrible.
  • Not an issue.
  • Other, tell us in the comments
**

Cast your vote here, or email your thoughts (which we may edit or shorten before publication) to SN Executive Editor Chloe Riley at chloe.riley@informa.com, and make sure to include your first and last name and job title. Have a great rest of your week, and check back for the final results Friday.

WHAT DO YOU THINK?