US Merchant Processing Fees Top $160 Billion

  US Merchant Processing Fees Top $160 Billion In 2022, US merchants paid a record $160.70 billion in processing fees to accept $10.589 trillion in payments from credit, debit and prepaid cards, according to the Nilson Report. The total value of fees was up 16.7% from 2021, even though purchases for goods and services tied to all card payments grew by only 12.3% year-over-year. "Merchants paid much more overall in 2022 because credit card spending made up a larger share and cost more to accept. Credit card spending increased 18.7% in 2022, more than three times the 5.5% growth rate of less costly debit cards," said David Robertson, Publisher of the Nilson Report. If you don't want to receive these emails in the future, please click here 14125 West State Highway 29 Suite B-203 (Box 372) Liberty Hill, Texas 78642