Swipe Fees: The Hidden Tax the Candidates Never Discussed

Swipe Fees: The Hidden Tax the Candidates Never Discussed | RealClearPolitics
Every American household on average pays about $427 a year in the swipe fee “tax.”
Banks have a right to charge for the use of their cards and make a profit if they earn it; however, they don’t have a right to price-fix, which is exactly what they are doing.
Visa and MasterCard each set the fees for their banks, and none of the banks compete.