Texas lawmakers have introduced legislation aimed at eliminating credit card swipe fees charged on sales taxes and tips, a move that supporters say will save businesses more than $1 billion annually.

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

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Illinois becomes the first state to restrict debit and credit card interchange fees on taxes and tips. The Interchange Fee Prohibition Act prevents businesses from paying fees on the tax and tip ...

Picture this: You walk into your favorite Michigan coffee shop, grab a latte, swipe your card and leave a tip. You assume that you’re fully supporting a local business, right? Not quite. Behind the ...

Running a restaurant has never been easy, especially when you start up a business like I did in the middle of the COVID pandemic. The challenges back then were tough, from supply chain disruptions to ...

Swipe fees are charges merchants pay when accepting card payments. They range from 1% to 3% depending on card type and brand. Swipe fees eat into profit margins but can be managed with smart ...