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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?

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

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Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Click Subscribe #Mastercard #Visa #MerchantFees #CompetitionLaw #UKTribunal

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Consumer advocates push for legislative reforms on credit card merchant fees Advocates argue reforms necessary to reduce credit card fees for small businesses.

Small businesses are facing a financial uphill battle as credit card fees soar, raising urgent calls for reform from consumer advocates.

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#VT #CivicAccountability #VermontSmallBusinesses #CitizenPortal #MerchantFees #FinancialReform

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