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US merchants paid $88.39 billion in card fees in 2016

Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Card fees, which include processing fees and interchange fees, paid by US merchants to handle all card payments, were $88.39 billion, according to The Nilson Report. “When you add up [...]

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