Policy Update: Should Credit Card Fees Be Regulated?

Katrina Mullen
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Katrina Mullen: https://www.richmondfed.org/research/people/mullen

Econ Focus, 2025, vol. 25, issue 4Q, 18

Abstract: Shoppers are increasingly being greeted with a new sign at the register: "A surcharge will be added to all credit card transactions." This surcharge is meant to cover the interchange fee (typically ranging between 1 percent and 3 percent of the transaction total) plus a processing fee that merchants must pay for all purchases made with a credit card.

Keywords: Payments (search for similar items in EconPapers)
Date: 2025
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