RE: LeoThread 2025-06-18 04:08
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Visa and Mastercard claim nearly half of small business earnings through credit card processing fees—exceeding $100 billion annually—while charging seven times as much as in Europe.
"New poll reveals 79% of small business owners favor
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congressional limits on interchange fees, noting that even a 2-3% fee can severely impact stores or restaurants that often make only 2 to 5% profit.
For decades, these credit card giants have dominated 80% of the market, pressuring retailers and sidelining emerging competitors offering lower rates."