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Dick Durbin: “Credit card fees can add up to nearly 5% of total…”

Featuring: Dick Durbin, Democratic | U.S. Senate Illinois

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Sen. Durbin on Trump Admin's Mental Health Grant Cuts & Credit Card Competition Act

Published | Video Starts at 09:22

When combined with another source of information from Cesar, Illinois, which is in downstate southern Illinois. Greg Kelly writes me. When combined with basic merchant processing fees and set monthly access fees, Credit card fees can add up to nearly 5% of total transactions. Greg writes, this is insane. This prevents hiring and hinders business growth as well as being able to compete. Credit card reform is needed now. Small business owners like Rick have little recourse. (09:22–09:28)

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Asserts that credit card fees can constitute nearly 5% of total transaction costs.

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