Understanding credit card swipe charges is crucial for users to manage costs effectively. These fees, determined by card ...

According to entrepreneurs quoted in a November New York Times story, swipe fees can eat up 4 percent or more of their annual revenue, slicing nearly $20,000 out of a merchant’s yearly profits.

and the companies must negotiate the fees with merchant-buying groups. The law firm that announced the settlement put the value of the savings in swipe fees at close to $30 billion. The settlement ...

The measure is similar to an Illinois law passed last year. Under the bill, banks and card networks would be barred from charging credit card or debit card swipe fees on sales tax beginning Oct.