Is Anyone Benefitting From The Durbin Amendment? One Person’s View
| CU Today
“It was also meant to save consumers money because, theoretically, merchants would not have to charge as much to cover the interchange or swipe fees,” he said. “Nevertheless, 23% of merchants reported price increases after the amendment, and 75% reported no price changes at all. Only 2% said they had offered price cuts since that time.”
A survey in October of 2014 by the Electronics Payment Coalition also found that consumers had seen very few price decreases as the result of the Durbin Amendment.