According to the August, 2006 issue of The Nilson Report, merchants [and thus, consumers] in the U.S. paid more than $48 billion in total, collective credit and debit card fees.
[source, The Nilson Report (subscription required)]
SEE NEW SITE - Welcome to WayTooHigh.com: The Credit Card Interchange Report. This site features the most comprehensive international breaking news, daily updates and commentaries on the history of merchant interchange fees. The goal in representing millions of merchants and cardholders is to reform an antiquated, costly and unfair payment system and explain why the nearly $40 billion annual merchant interchange fee is a hidden tax on consumers and retailers.
