Illinois Takes a Swipe at Interchange Fees—and Misses
Governments charge fees for everything. Want to register a vehicle? Pay the DMV. Want to file a civil law case? ...
Friday, October 23, 2026
Tag: interchange
You blame Visa and Mastercard for the swipe fee, but they keep almost none of it — the fat cut, called interchange, flows straight to the bank that issued your card, and it barely exists in the countries that built their own payment rails
When a Visa-branded card taps a terminal at a Manhattan bodega and the customer walks out with a $4 coffee, ...
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