As Trump fights for swipe fee relief, regulators side with culprits

As Trump fights for swipe fee relief, regulators side with culprits

The “Swipe Fee ripoff,” as President Donald Trump succinctly described, is a scourge on American small businesses and consumers. Charging vendors roughly 2.5% of every credit card transaction, these swipe fees accumulate at such a rapid pace that they’ve become one of the largest expenses for businesses, compelling many store owners to pass the costs […]

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