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Small Business Owners Voice Opposition to Durbin-Marshall Credit Card Mandates

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A group of small business owners from across the country traveled to Capitol Hill this week to voice their opposition to the Durbin-Marshall credit card bill. The fly-in was organized by theThe group’s visit follows the release of a report about the importance of credit cards and electronic payments for small businesses.

– Two-thirds believe that the Credit Card Competition Act would benefit large retailers more than small businesses, with 60% of small business decision makers saying that Congress is pushing through changes to digital transactions without considering the impact on their businesses. – 88% mention that customers utilize credit cards or digital payments for at least some or most purchases.

– Nearly all small business decision makers believe that their customers place importance on keeping their payments secure, and two-thirds say that their current payment processing fees are necessary for digital privacy.not a top business cost

 

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