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Vermont bill would bar card processors from charging swipe fees on taxes, tips
Summary
The Vermont House Committee on Commerce and Economic Development heard testimony Friday, April 4, 2025, on H.317, a bill sponsored by Representative Casey that would prohibit payment processors from charging interchange (commonly called "swipe") fees on the portions of electronic card transactions that are taxes or gratuities.
The Vermont House Committee on Commerce and Economic Development heard testimony Friday, April 4, 2025, on H.317, a bill sponsored by Representative Casey that would prohibit payment processors from charging interchange (commonly called "swipe") fees on the portions of electronic card transactions that are taxes or gratuities.
Representative Casey, sponsor of H.317 and a member of the committee, told lawmakers the bill is targeted at fees charged on amounts that businesses do not retain. "If you're processing a transaction, you shouldn't be charging a fee on the portion that's tax or gratuity," Casey said, adding that taxes are passed…
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