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2. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   Interchange fees or "debit card swipe fees" are paid to banks by acquirers for the privilege of accepting payment cards. Merchants and card-issuing banks have long fought over these fees. Prior to the Durbin amendment, card swipe fees were previously unregulated and averaged about 44 cents per transaction. [3]

3. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...

4. Credit card swipe fees add to consumers' costs, but here's a ...

   www.aol.com/credit-card-swipe-fees-add-120327276...

   When the impact of credit card “swipe” fees on prices consumers pay for groceries came up at a hearing in Washington in 2022, U.S. Sen. Marsha Blackburn was concerned. “Tell me how this ...

5. Credit Card 'Swipe' Fees Could Cost Shoppers Over $20 ... - AOL

   www.aol.com/credit-card-swipe-fees-could...

   Credit card companies don't work for free. Every time you use one, the store you're buying from is charged a "swipe fee" — and that charge will get passed down to you in higher prices.

6. Durbin meets with Springfield businesses about proposal aimed ...

   www.aol.com/durbin-meets-springfield-businesses...

   Owning a small business is not easy and costly credit card fees are making it harder. That was a message heard repeatedly during a meeting Monday with U.S. Sen. Dick Durbin, D-Ill, who outlined ...

7. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/lower-mastercard-visa-swipe-fees...

   A recent settlement between Visa, Mastercard and the largest U.S. credit card issuing banks and merchants has lowered swipe fees for the next five years, saving money on your monthly credit card ...

8. Congress Could Swipe Your Credit Card Reward Points - AOL

   www.aol.com/news/congress-could-swipe-credit...

   As part of that law, fees charged on debit card payments were capped. Within the first year, average fees fell from 44 cents to 24 cents per swipe. In response, banks largely did away with debit ...

9. Washington, Maryland lawmakers propose banning credit card ...

   www.aol.com/news/washington-maryland-lawmakers...

   Maryland’s House Bill 29, introduced in January, would prohibit credit card networks from charging “swipe fees” on sales tax, which cost merchants in Maryland $156.9 million in 2023 alone.