Fed Up With Ever Increasing Credit Card (Interchange) Fees?

It's Time For You To Help Do Something About it!

SUPPORT Credit Card Fair Fee Act:
Easily send the email below to your U.S. Congressional Representatives - it's up to all of us to get this bill passed!

Dear [ Decision Maker ] ,

As you may recall, members of the Kentucky Grocers Association and Kentucky Association of Convenience Stores (KGA/KACS) have met with you in Washington to discuss merchant credit/debit card fees (Interchange) and the hidden tax these unfair fees place on businesses and ultimately, Kentucky consumers.

As voter and member of the KGA/KACS, I urge you to support the bi-partisan "Credit Card Fair Fee Act".

A few facts illustrating the magnitude of the problem are provided below:

-Nearly two dollars of every $100 the consumer spends on credit cards goes directly to the credit card companies.

-Americans paid over $36 billion in interchange fees in 2006, about twice what was paid in credit card late fees.

-These fees inflate the cost of nearly everything consumers buy even when they pay by cash.

-Credit card interchange fees have risen 117% since 2001 alone.

-Only 13% of the credit card interchange fee now goes to pay the real cost of the transaction, the rest goes to things like advertising and credit card junk mail.

I urge you to support of this bi-partisan legislation.

This solution would do the following: -Allow Market Negotiations monitored by the DOJ. -Establish a Fair Way to Decide Disputes -Target the Solution to the Problem

Providing a way for merchants to negotiate and balance the market power of Visa and MasterCard is essential to creating a functioning market where none exists today. The bottom line is that this system will lead to negotiated market rates that are competitively set.

I wanted to let you know your grocery, supermarket, and convenience store owners in Kentucky are counting on your help in passing this legislation.

Sincerely,

Campaign Launched:
July 25, 2008