merchant fees

As Black Friday Approaches, Americans Would Have More Money to Spend If Not for Hidden Credit Card Fees — The American Consumer Institute Finds the Annual Interchange Fees to be Roughly One Half of Holiday Spending

Posted on by Steve Pociask

WASHINGTON—The American Consumer Institute (ACI) today released a ConsumerGram detailing the negative effects that high credit card fees (referred to as interchange fees) have on families across the country. On average, each household will pay an estimated $337 this year in interchange fees – a hidden tax on credit card purchases. In turn, the credit […]