Pass a bill to break up the Monopoly that Visa and MasterCard have. They control 80% of the market and have an over 50% profit margin. They charge excessive amounts of money to small businesses for using them. In Illinois alone it’s over 1 billion dollars a year in fees for small businesses. Large corporations like Walmart get huge discounts on these fees. Small businesses however, don’t have a choice because Visa and Mastercard control 80%.
Related Topics
Policy | Replies | Views | Activity | |
---|---|---|---|---|
Ban credit processing fees for small businesses | 0 | 7 | October 14, 2024 | |
Maximum Credit Card Interest | 0 | 6 | November 17, 2024 | |
Convivence / CC Fees | 0 | 4 | December 17, 2024 | |
Capping Credit Card Interest Rates | 0 | 10 | December 10, 2024 | |
Credit Cards | 0 | 21 | November 12, 2024 |