Quotes Donut - Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

Swipe fees have increased steadily since the introduction of debit cards 20 year... - Peter Welch - Quotes Donut

Written By Peter Welch

Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

10 Reads • February 25, 2021