The Hidden Costs of Swipe Fees
Update: 2025-06-27
Description
In this episode of Main Street Matters, Elaine Parker and Doug Kantor discuss the significant impact of swipe fees on small businesses and consumers. They explore the duopoly of Visa and MasterCard, the barriers to competition in credit card processing, and the proposed Credit Card Competition Act aimed at reducing fees and increasing market competition. The conversation highlights the need for consumer awareness regarding hidden costs and the importance of advocacy for small business interests.
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