UK families spent £46 on card fees alone last year, as companies hit out at government for failing to act

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Cards now constitute more than 80% of UK retail sales, with Visa and Mastercard accounting for 99% of card transactions

Tens of thousands of businesses across the UK have called on Parliament to tackle soaring card fees which amounted to £46 per household last year.

Retailers spent £1.3 billion in 2020 to accept payments from their customers, and these costs are ultimately passed onto the consumer.

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