swipe fees

Payroll February 5, 2026 

Visa and Mastercard currently control over 80% of the credit card market and each centrally sets the swipe fee rates charged by all banks issuing cards under their brands.

Small Business August 7, 2025 

The National Retail Federation praised a federal judge’s ruling overturning the Federal Reserve’s 2011 cap on debit card “swipe” fees in response to a merchant’s lawsuit that said the Fed set the cap too high.

Isaac M. O'Bannon