In a world where credit cards are a go-to mode of payment, the issue of transaction fees has been a double-edged sword for businesses and consumers. Each day, businesses across the U.S. collectively pay millions of dollars in credit card processing fees (National Retail Federation). Small businesses, in particular, are hard-hit, often slicing thin their profit margins.

Consumers are not at a safe distance from this too; costs often get passed on to them in the form of higher prices for goods and services. This is why we call for a nationwide cap on credit transaction processing fees at $0.01. Implementing this will generate significant savings for businesses, particularly small and medium enterprises, and consumers across the country.

Let's push towards creating a more economically sustainable payment ecosystem, where the cost of doing business or purchasing goods and services doesn't weigh heavily on both the business owner and the consumer. Sign the petition to voice your support for capping credit transaction fees at $0.01.