Statement from the Small Business Payments Alliance
The Small Business Payments Alliance welcomes the preliminary approval of the Visa and Mastercard Small Business Credit Card Agreement and the certainty it provides for millions of small businesses that depend on credit cards every day.
For small business owners, credit cards are far more than a payment method. They provide access to working capital, help manage cash flow, support investments in growth, and offer rewards that many businesses use to offset operating expenses, employee travel, and other essential costs. The existing payments system also delivers valuable fraud protection, security, guaranteed payments, and the ability to serve customers online and in-store.
Small businesses succeed when they have access to reliable financial tools and secure payments. This agreement recognizes the important role credit cards play in helping entrepreneurs start, grow, and sustain their businesses while continuing to meet customer expectations for convenience and security.
The Small Business Payments Alliance remains committed to ensuring that policymakers understand how critical access to credit, rewards programs, and secure electronic payments are to the success of America’s small businesses.