Merchants Protesting for Lower Interchange Rates

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Mitch Goldstone, the man behind the website waytoohigh.com, as well as the lead plaintiff in a class action lawsuit against visa, mastercard and their member banks over the setting of interchange rates, recently organized a protest in California around the high cost of credit card processing.  The particular cause for the protest was the amount of credit card processing fees charged for gas now that gas prices have grown so large.

It is not surprising that merchants are protesting interchange fees.  They are confusing and quite expensive.

Our company, FeeFighters, is doing our small part to reduce merchants’ frustration over interchange fees by helping them better understand and negotiate their credit card processing contracts.

Here’s a video of the protest.

Video of News Coverage

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Merchants Protesting for Lower Interchange Rates