Subcommittee hears split testimony on bills to bar swipe fees on sales-tax portion and improve chargeback transparency The subcommittee heard testimony both for and against H.4613 and H.4614, which would prevent credit-card processors from charging swipe fees on the sales-tax portion of transactions and address chargeback fees; merchant groups urged relief while payments industry and banks warned of technical disruption and unintended cost shifts.

South Carolina's subcommittee is weighing bills that could eliminate swipe fees on sales tax—could this be a game changer for merchants?

Click to read more!

#SC #ChargebackTransparency #CitizenPortal #PaymentReform #MerchantFees #SouthCarolinaRetail