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Is Using Your Credit Card About to Get Cheaper?

Is Using Your Credit Card About to Get Cheaper?

When it comes to credit card processing, Visa and Mastercard are practically the only game in town. Each time you pay for a purchase with a credit card, big banks and credit card networks like Visa and Mastercard charge the merchant over 2% of your total bill. The problem is this: Those transaction fees have more than doubled over the past decade, and last year, big banks and card networks were paid a record $137.8 billion in swipe fees alone.