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Intercharge Fee Petition

Intercharge Fee Petition

88 signatures 12 to reach 100
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John T. signed
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Mike F. signed
Started by Anonymous 17 years ago
Credit card issuers charge merchants an interchange fee of 2% of the transaction to use their credit card systems. At 2% per transaction, Americans pay some of the highest interchange fees in the world. Last year, American families paid an average of $427 in interchange fees--this figure has tripled since 2001 and is expected to continue rising despite improved technology, consistently lower interest rates and rapidly rising card volume. Please sign this petition to keep credit card companies from continuing to raise your credit card transaction fees.

Updates

July 6, 2009

im still reading all the stories you guys are dropping in the comments about how these fees hit your small businesses and wallets. im currently putting together a package to send over to the processors because they need to see how much this is hurting real people.

July 6, 2009

wow i honestly didnt think this would get this much traction so fast. hearing from all you about how these fees hit your own pockets really shows were on to something important here.

6 Comments

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Mike Gutierrez
16 years ago Featured

Enough is enough. These big banks are making a fortune off our backs and its gotta stop somewhere.

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Lisa Yang
16 years ago Featured

costs are going up on everything and this is just another way for them to bleed us dry. sick of it.

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David Jimenez
17 years ago Featured

TOTAL RIP OFF. WHY ARE WE PAYING SO MUCH MORE THAN OTHER COUNTRIES??

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Sarah Wang
17 years ago Featured

2% is ridiculous. small businesses are struggling enough without these greedy companies taking more every single year.

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Julie Graham
17 years ago Featured

my shop cant keep absorbing these costs. please fix this nightmare.

K
Kevin Marshall
17 years ago Featured

fees should be lowering since tech is better not higher. they just want more profit.

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