The Cost of Swipe Fees

Without legislative action to reign in Visa and Mastercard, swipe fees will continue to be a growing operating expense.

The Cost of Swipe Fees

September 2024   minute read

Your customers are likely using either a mobile payment option or a debit or credit card to pay for their purchases. In 2023, 78.3% of convenience store sales dollars were transacted with a card, and cards have been the most popular form of payment option at convenience stores for over a decade.

Cards are convenient for the consumer, but the fees associated with card payments are a strain on convenience retailers.

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