Small Businesses Oppose Durbin-Marshall Style Credit Card Mandates
he Small Business Payments Alliance (SBPA) issued a report today featuring new polling data on the importance of credit cards and electronic payments for small business.
Congress needs to hear from you, not just the mega retailers who will solely benefit from this policy. Tell Congress how important credit cards and the electronic payments system are to American businesses and employees.
Record a video telling the story of how credit cards and electronic payments are critical to your business.
Send a letter to share how our credit card system benefits you and your small business.
Daniel Maloney, Sol Cacao
Dawn Kelly, Nourish Spot
Tiffini Gatlin, Latched and Hooked
Grant Reynolds, Parcelle Wine
Michelle Cadore, Da Spot NYC
Bryan De Bruin, VanRock Holdings
he Small Business Payments Alliance (SBPA) issued a report today featuring new polling data on the importance of credit cards and electronic payments for small business.
As any small business owner knows, the customer experience is just as important as the quality of products or services we offer. For my wellness and beauty business, AN Skin & Beauty in O’Fallon, my customers expect and depend on being able to shop our products in my store and online with ease and peace-of-mind.
Small businesses are the backbone of the American economy. The nation’s 33.3 million small businesses employ 61.6 million Americans – almost 46 percent of the private sector workforce. Small businesses across the country rely on credit cards and rewards to lower operating costs, re-invest in their businesses and employees, manage cash flow, and give customers more choice, security, and convenience in how they pay.
Members of the Small Business Payments Alliance (SBPA) – a group of independent small business owners, entrepreneurs, and tradespeople – headed to Capitol Hill this week to share first-hand the negative impacts that new government mandates would have on their businesses. The SBPA was formed in the wake of proposed changes to the electronic payments system that threaten to reduce credit card payment security, access and benefits.
SBPA was formed in the wake of proposed changes to the electronic payments system that will jeopardize credit card access and benefits. Tradespeople, entrepreneurs, and locally-owned, independent businesses alike use credit cards to support their workers, manage their cash flow, cover operating costs, and collect rewards to re-invest in their businesses. Credit cards also ensure that their customers can make safe, secure, and convenient payments. The current competitive, free market credit card ecosystem provides major benefits to both small businesses and American consumers, and we’re making sure it stays that way.