CHICAGO ( TheStreet) -- If the holiday season is make-it-or-break-it time for many retailers, it's also a major windfall for Visa (V - Get Report) and MasterCard (MA - Get Report). Every time a shopper pulls out his or her credit card, a percentage of that transaction goes straight to the large credit cards companies and the banks that issue their cards. Think of it as a gift that keeps on giving to large financial institutions.Those steadily rising fees have left many small businesses feeling like the Grinch. According to the National Retail Federation, credit- and debit-card fees have tripled over the past 10 years, to about $50 billion a year. That money comes straight out of retailers' profits, and small businesses eventually banded together to protest in increase in these so-called "swipe fees."
Swipe Fees Continue to Sting for Small Businesses
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.