Senate Bill Would Kill Credit Card Rewards By Limiting Merchant Swipe Fees

* 𝖢𝗋𝖾𝖽𝗂𝗍 𝖢𝖺𝗋𝖽 / 𝖡𝖺𝗇𝗄𝗂𝗇𝗀 *
Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) are expected to introduce a bill to limit credit card interchange fees. If enacted it would be a huge win for merchants, who love taking credit cards – since it means higher sales volumes at a lower cost than accepting cash – but would prefer not to pay for the privileges.
This is usually couched, by lobbyists for big retailers, as benefiting consumers.

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