Swipe fees on credit and debit card purchases topped $198 billion in 2025, which is a record high and an increase of more ...

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 ...

The changes will come into effect in October after months of discussions with major banks, which are worried about a $660 ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

Data suggests that fees charged by banks and card networks were more than 25% higher than other estimates. "These outrageous fees drive up the price of almost everything consumers buy, and addressing ...

Fees charged to merchants to process transactions rose 5.9% in one year. The 2025 swipe fee total was up 5.9% from $187.2 billion in 2024, according to the Nilson Report trade publication. This was ...

The RBA has scrapped a hidden fee that was costing Australians $1.6bn a year in a major change for shoppers – but there’s a ...

Merchants will be banned from surcharging the cost of accepting credit and debit card payments from October 1, in a suite of ...

As announced by the RBA’s Payments System Board (PSB), the new policy will ban card surcharges for payments using eftpos, ...

The removal of surcharges on debit and credit cards is one of the sweeping reforms from the Reserve Bank.