Ban Swipe Fees:
Swipe fees are up nearly 50% since the pandemic, hitting a record $100 billion collected by credit card companies in 2023. Visa and Mastercard control 90% of payment processing transactions outside of China and have seen incredible profits in recent years.
Swipe fees have an outsized impact on businesses, consumers, and even nonprofits and charities that accept credit card donations.
- Assembly Bill 1065 (D-Orgeta): Prohibits swipe fees on taxes and tips, saving retailers and other merchants money.
- “Businesses must absorb these fees, and the added expense often gets passed on to customers, even when the customer leaves a tip for good service,” says Assemblymember Ortega.
- Call to Action: Contact your representatives to support these bills.
