“Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.”
Quote by Peter Welch
Author
Peter Welch
Peter Welch is the U.S. Representative for Vermont's at-large congressional district, serving since 2007. Born on May 2, 1947, he is a Democrat known for his focus on healthcare, energy policy, and fiscal responsibility. Before Congress, he served in the Vermont State Senate and worked as a lawyer. Welch advocates for bipartisan solutions and addresses issues like climate change and infrastructure. He sits on the Energy and Commerce Committee. more
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