Demand Visa, MasterCard, AMEX & Discover Reduce/Waive Certain Fees during COVID 19

Demand Visa, MasterCard, AMEX & Discover Reduce/Waive Certain Fees during COVID 19

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Beth Marcus started this petition to Visa and

COVID 19 is here and small businesses, who employ 47% of the nation’s workforce are doing everything they can to keep their businesses from failing in the face of lost income.  This means they are doing what small businesses do best – pivoting -  to make their businesses SAFE for their customers and their staff.  For some this means Online Ordering, Curbside Pickup and/or Delivery, for others, deemed non-essential, this means closing down and laying off their employees.  Given people’s fear of cash carrying and spreading COVID19, most consumers are relying heavily on their credit cards these days.  This of course is causing the businesses still open to be offered significantly less cash, and more credit cards than ever.  This in itself is hurting the small businesses because of credit card fees.

Did you know that every time you use a credit card online or over the phone that the vendor is charged an ADDITIONAL FEE?  This is called a CARD NOT PRESENT fee (CNP).  And the card companies like Visa, MasterCard, American Express and Discover do it to cover their increased risk.  This why many small businesses avoid taking cards over the phone, or have transaction fees for online purchases – to cover those added fees.  Most companies pay close to 3% in fees to take your credit card INSIDE their store or restaurant.  The CNP fees for a phone or online order can add an additional 2-3% to each transaction depending on the card type.  That means the fee on a $10 transaction goes from $0.30 to $0.60.  While not a lot of money during regular times, during COVID19 times when every penny counts, these fees are real money being lost by small businesses.

Other small businesses, who are not deemed essential, are being forced to close, and yet they are STILL being charged their monthly fees by the credit card companies regardless of whether they are making sales or not.  Sadly these fees are literally sucked from the bank accounts of small businesses without them being able to stop them!

Right now Small Businesses in America are in the fight of their life, literally and figuratively.  And these added CNP fees and monthly flat fees on closed businesses are not helping.  This means that a larger percentage of sales is going to credit card fees than ever.  This means less money is going towards small business payroll at a time when literally every dollar counts.

We are petitioning to have Visa, Mastercard, American Express and Discover to waive the added CNP fees for businesses who do not typically take CNP transactions.  We are also asking for waiving of flat monthly fees on businesses not currently open.  And if they can’t do that – what can they do?!

We are asking people to sign our petition and spread it around social media to pressure the major card companies: VISA, MasterCard, American Express and Discover to take notice and do something – anything – to help the people who bring them money day in day out – when we really need it.

Beth Marcus
Business Manager
Cape Cod Beer, Inc
Hyannis MA

Donna Kutil Ross
Scenic Roots
Sandwich MA

Linda Dantonio
Seaporium
Hyannis MA

Kristen Boardley
Centerville Pie Company
Centerville MA

Graham Silliman
Siena – Mashpee
Mashpee MA

John Miller
J Miller Picture Framer & Gallery
Mashpee MA

Steve Swain
Frying Pan Gallery
Orleans and Wellfleet MA

Elisa Jennings Sullivan
Swirls Jewelry
Sandwich MA

LouAnne Colombo
Bee & Blossom Florist
Hyannis MA

Aaron Webb
The Daily Paper
Hyannis MA

Todd Pavao
Luke’s Liquors
Cape Cod MA

Mike Ferreira
Thomas Michaels Kitchens
Wareham MA

Adam Katz
Haul N’ Axes
Fairhaven MA

Brian Carey
Depaola Begg 
Hyannis MA

Andrea Pendergast
Cape Cod Package Store
Centerville MA

Jamie Lee
Bagel Haven 
Mashpee MA

Margaret Elizabeth
Cape Cod Fitness Co
Osterville Fitness Co
Barnstable MA

Ian Sullivan & Laurie DeCost
Underground Bakery
Dennis MA

0 have signed. Let’s get to 5,000!
At 5,000 signatures, this petition is more likely to get picked up by local news!