This is our chance for swipe fee reform.
Tell Congress to support the Credit Card Competition Act that addresses the broken and unfair U.S. payments market. Currently, retailers are burdened with exorbitant and non-negotiable “swipe” fees imposed by Visa and Mastercard, which control 80% of the market. These fees hinder growth and make it challenging for retailers to invest in their future.
By supporting the Credit Card Competition Act, you can help bring relief to both retailers and consumers. This legislation would require Visa and Mastercard to compete with other networks, introducing much-needed competition. It is estimated that this reform could save U.S. consumers and merchants $11 billion annually.
Add your voice today and urge Congress to support swipe fee reform! Together, we can create a fairer and more competitive payments market.
# # #