President Donald Trump has endorsed U.S. Sen. Dick Durbin’s plan to lower swipe fees, which are 2-to-4% fees charged to consumers for using a credit card.

Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

NC book store owner: That 2-4 percent charge hurts businesses like mine and our customers. What lawmakers here can do.

Fees paid by merchants to accept credit card and debit cards will dampen consumer spending power this holiday shopping season as sellers look for ways to offset the cost, says the Merchants Payment ...

… but our independent journalism isn’t free to produce. Help us keep it this way with a tax-deductible donation today. Running a restaurant in downtown Minneapolis has never been simple. I’ve seen the ...

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that merchants pay to the credit card networks. While those fees are paid by the store every time ...

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 ...