Visa and Mastercard’s swipe fees cost families $900 annually—Senate eyes reform.
Visa and Mastercard have a duopoly on the card swipe fees charged to consumers. It costs the average family about $900 per year in fees, way higher than Europe. The Credit Card Competition Act is moving thru Senate hearings. This would introduce more competition into the market to bring down these hidden fees. https://twitter.com/BasedSierra117/status/1858908379898368373