Credit card issuers spend an estimated $100 billion on rewards and partner payments, funding the cash back and points programs small businesses need
Customers spend 5x more when using credit cards vs. cash
In 2021, our electronic payment system stopped $80 billion in fraud attempts
Washington needs to hear from you, not just the big box retailers who stand to benefit the most. Tell Congress how important credit cards and our electronic payments system are to your business operations.
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Colorado members of the Small Business Payments Alliance (SBPA) applauded Governor Jared Polis’ decision to veto legislation that would have caused chaos for small businesses across Colorado. Small business owners across the state have mobilized against the bill, SB 26-134, based on concerns about its impact on local businesses that depend on credit cards and credit card rewards.
The Durbin-Marshall credit card bill was introduced last year in Congress as the “Credit Card Competition Act” (CCCA), and the bill’s sponsors are pushing for a vote this fall. The proposed legislation is a direct threat to the electronic payments and rewards system and would have a major negative impact on small business owners who use credit cards and rewards to support their businesses. Despite its name, the legislation would circumvent the competitive market with a new government routing mandate that would dictate processing networks, without regard to security or quality.
National Small Business Week Report: Credit Cards Deliver 121% ROI, $26,000 in Annual Benefits for Small Businesses Washington, DC — The Small Business Payments Alliance
Credit cards are very popular among U.S. consumers. By year-end 2024, there were 608 million open general purpose card accounts, a 35% increase since 2018.
Accepting credit cards provides merchants unique benefits that generate significant
net value above and beyond the cost of acceptance.
Small businesses across the country are increasingly leveraging credit card rewards as a strategic tool to stretch budgets, manage cash flow, and reinvest in growth. From cashback on everyday purchases to travel points and discounts on essential services, credit card rewards programs have evolved beyond consumer perks into valuable business resources.