Florida TaxWatch Evaluates Charge Card Fees on Consumer Transactions, Highlighting Growing Burden Placed on Retailers and Taxpayers
Press ReleasesTallahassee, Fla. – Today, Florida TaxWatch (FTW) released An Inappropriate Cost of Doing Business: Paying the Interchange Fee on Sales Tax for Credit Card Purchases. In the commentary, FTW evaluates interchange fees, or “swipe fees,” that businesses are required to pay the processing company when a credit or debit card is used at their store’s payment terminal. The taxpayer research institute also assesses the sales tax-related implications of these transactional fees and considers how they may be addressed moving forward.


