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Alison is a senior news reporter covering US politics and legal news. The Credit Card Competition Act, or CCCA, targets swipe fees, which are the extra charge—typically 2-3%—that merchants pay to ...

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

Have you ever asked yourself why gas stations offer a cash discount when you pay to fill up your tank? The answer is: credit card swipe fees. Gas stations, or any business that accepts credit cards ...

Credit card payments include hidden "swipe charges". Merchants pay 1-3% of transaction value as fees. Fees fund card benefits like rewards & fraud protection. Paying by credit card has become second ...