Retail News

Swipe fees making it harder for retailers during the pandemic

The Wall Street Journal 02/24/2021

Visa and Mastercard are planning to raise interaction (AKA swipe fees) for some credit card purchases. Merchants paid $18.1 billion in interchange fees last year, up 13 percent year-over-year, according to the Nielson Report. The fees charged by the card issuers have long been a source of dispute with retailers who claim that the high price of conducting transactions, particularly online, is cutting into what little profits they already make.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!