Some big retailers would like YOU to pay more of their bills - they want all the benefits of accepting your credit and debit card without paying their share.  That’s unfair. You pay your bills. They should pay theirs.

When you shop using your debit and credit card, the merchant is guaranteed payment – even if the card is used fraudulently or if the credit card bill goes unpaid. It’s a great deal for the merchant, particularly when compared to checks.*
In return for a guarantee for payment, the merchant pays a fee called interchange, often less than a penny per dollar.

But now some retailers want YOU to not just shop at their stores – they want YOU to pay their cost of accepting payment. But they aren’t willing to commit to return any savings to you – instead it’ll cost YOU:**

• higher rates on credit cards,
• fees for free services,
• perhaps even shut down credit union credit and debit card programs!

Retailers benefit the most from credit and debit cards – shouldn’t they bear their part of the cost?***

Tell Congress not to shift big retailers’ costs onto YOU!

Credit Cards: Merchants are trying to increase their bottom line by shifting costs of accepting credit cards to members and their credit unions. They also want to be able to deny cards – forcing members to use only credit cards they chose (perhaps only their own credit card where they control the interest rate!). One bill is HR2695 which you can read here.

The other is HR 2382, which you can find here.