While the cap resulted in lower swipe fees than merchants had been paying, merchants had been hoping for a much more aggressive restriction. (entrepreneur.com)
With swipe fees somewhere near 2.5 % there's a small spread on these cards, but enough to hopefully keep them around forever. (milenomics.com)
Its generally affluent cardholders charge big - dollar transactions, generating swipe fees that merchants pay. (creditcards.com)