Swipe fees cost the average family more than $1,000 per year. It’s time for Congress to protect consumers, workers and small businesses from Wall Street giants price-gouge.

In the U.S., 2-4% of every transaction goes to a private credit card network. These are massively high prices, amounting to $126 billion paid in credit card swipe fees a year, often the highest cost for any business after labor. Often costs are also passed onto consumers.

Why is the price so high? The answer is monopoly power. Right now, Visa and Mastercard, which control 83% of the payment card network. Small businesses don’t have a choice.

WE NEED YOUR HELP TO PASS THE CREDIT CARD COMPETITION ACT.

The bipartisan Credit Card Competition Act would force big credit card companies to lower pieces for grocers, convenience stores, restaurants, consumers, and other small businesses, which all overwhelmingly support the Credit Card Competition Act.

We need you to contact your representative and tell them to act NOW.