How credit card swipe fees are hitting consumers - Fox Business

"Swipe" fees are imposed on merchants every time a consumer makes a purchase with their credit or debit card. Oftentimes, though, retailers will try and offset these increases by passing them on to the consumer.

Merchants were charged $137.8 billion in credit and debit card swipe fees in 2021. This means the average family had to shell out an additional $900 each year on items due to higher swipe fees even b… [+3324 chars]

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