Small Business Saturday is an annual shopping event that takes place on the Saturday following Thanksgiving. Since 2010, the initiative has encouraged consumers to support local small businesses. The idea draws a stark contrast to Black Friday and Cyber Monday – two other big holiday shopping days that are dominated by mega corporations.

Small Business Saturday Supports Small Businesses

According to data highlighted by the U.S. Small Business Administration, Small Business Saturday drives as much as $17.9 billion in consumer spending at independent retailers and restaurants. 

Small Businesses Rely on Credit Cards

Credit card payments provide small businesses with a raft of critical benefits: they enable customer convenience, enhance transaction security, and provide a stream of rewards that small businesses can reinvest in their operations. From facilitating quick and easy purchases to bolstering consumer confidence with robust security measures, credit cards are integral to the modern small business ecosystem. Rewards programs, in particular, often serve as a crucial financial lifeline, helping to offset operational costs and maintain cash flow. 

Cost of Using Credit Cards Has Remained Flat While Helping Drive Sales Growth

Interchange rates have remained flat over the past decade, all while adding significant value to merchants and consumers. Advancements in technology have made credit cards more convenient to use, with enhanced security and fraud protection measures that make credit cards payments safer and easier to process than handling cash. 

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Durbin-Marshall: Unintended Consequences of Bad Policy

On June 7, 2023, several U.S. Senators and members of Congress introduced the so-called “Credit Card Competition Act” (CCCA) [S.1838/H.3881] in both the House and the Senate – where it is also known as the “Durbin-Marshall credit card/interchange bill.” The proposed legislation is a direct threat to our electronic payments and rewards system and would have a major negative impact on our local businesses, entrepreneurs, and tradespeople who use credit cards and rewards to run their businesses. It would circumvent the competitive free market with a government “routing mandate” that dictates which processing networks banks can accept, without regard to security or quality. All card issuing banks would be forced to open-up their credit cards to two payment processing networks, instead of just one that they know and trust.

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Interchange Mandates Didn’t Work the Last Time They Tried It

You don’t have to look far for historical evidence of how Durbin-Marshall will negatively impact small businesses. In 2010, Congress passed a similar provision that forced price controls on debit card processing. That legislation only increased big box retailer revenue, while studies show little to no cost savings were passed on to consumers or small businesses. Because many alternative payment processors charge a 3.5% flat fee, savings never made their way to small businesses. Instead, small businesses and consumers saw reduced availability of free checking, higher monthly fees and minimum account balances – and the disappearance of debit card rewards programs.


Every year on Black Friday, mega corporate retailers advertise crazy deals that are rarely as good as they seem – and that’s exactly what’s happening with Durbin-Marshall. Misguided politicians are making the same promises they did back in 2010, forcing government mandates onto small businesses in an attempt to fix an electronic payments and rewards system that isn’t broken. This year, Congress should take inspiration from Small Business Saturday and say no to Durbin-Marshall.