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Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
Visa and Mastercard say they have reached a settlement to resolve a long-running battle over swipe fees. These are the fees that restaurants and retailers pay the card companies every time a customer ...
Kentucky's economic health relies heavily on the prosperity of its businesses, both big and small. But with prices continuing to rise, small businesses like mine that comprise more than 99% of ...
The Credit Card Competition Act (CCCA) aims to reduce credit card swipe fees charged to small businesses. New Jersey small businesses paid over $3 billion in swipe fees in 2023, impacting consumers ...
Swipe fees are charges merchants pay when accepting card payments. They range from 1% to 3% depending on card type and brand. Swipe fees eat into profit margins but can be managed with smart ...
U.S. Sen. Dick Durbin has reintroduced the Credit Card Competition Act. The act looks to create a more competitive climate for credit card networks, and cut down on the supermajority companies Visa ...