Nilson Report

Issue 1201 | Jul 2021

FEATURED COMPANIES

Companies featured in this issue include:

Asia-Pacific Global Network Cards 2020—Purchase Transactions

Asia-Pacific Spending, Transaction and Cards by Global Brand

Asia-Pacific Market Shares of Purchase Transactions—2008-2020

U.S. Debit Card Issuers—Ranked 51-100

U.S. Merchant Processing Fees—2020

Mergers & Acquisitions and Corporate Financing Transactions—January-June 2021

U.S. Merchant Processing Fees—2020

Merchants in the United States paid $110.32 billion in processing fees in 2020 to accept $7.630 trillion in credit and debit card purchase volume. Fees paid declined 5.2% from 2019.

Visa/Mastercard Credit
$61.63 billion fees, $2,776.21 billion purchase volume
Visa/Mastercard Debit
$22.60 billion fees, $3,138.74 billion purchase volume
American Express
$15.77 billion fees, $691.52 billion purchase volume
PIN Debit
$4.21 billion fees, $637.33 billion purchase volume
Discover
$3.11 billion fees, $142.80 billion purchase volume

Full access to the United States Merchant Processing Fees–2020 is available when you subscribe to the Nilson Report.


Error
Thank you! Your free copy of this issue is now available in your email inbox.
The Nilson Report may contact me about
products and services of interest.

I have read and understand The Nilson
Report's Privacy Policy.

< BACK TO NEWSLETTER ARCHIVE

POSTED JUL 15, 2021 | PRINT

Merchant Processing Fees in the United States—2020

Please note: Only subscribers can access the charts included with this article.

General purpose and private label credit, debit and prepaid cards issued in the United States generated a combined $7.630 trillion in purchase volume in 2020, an increase of 0.6% over 2019. Merchants in the U.S. paid $110.32 billion in processing fees, a decrease of 5.2%, to accept those cards as payment for goods and services. 

Visa, Mastercard, Discover and American Express brand credit cards and store, gasoline, medical and other types of private label credit cards combined generated $3.854 trillion in purchase volume last year, down 9.0% from 2019. 

General purpose and private label credit cards combined accounted for 50.51% of all credit, debit and prepaid card purchase volume. This was a decline from 55.82% owing to the impact of Covid-19. To accept credit cards, merchants paid $83.51 billion in processing fees, down 9.9%. Credit cards accounted for 75.70% of total processing fees U.S. merchants paid in 2020, a drop from 79.60% the prior year. 

Signature and PIN-based general purpose debit and prepaid cards combined generated $3.776 trillion in purchase volume, up 12.7%. Those cards accounted for 49.49% of all purchase volume for goods and services, including general purpose and private label credit cards. 

Merchants paid $26.81 billion to accept those debit and prepaid cards. This was up 12.9% from 2019. Of the total processing fees merchants paid in 2020, debit and prepaid cards accounted for 24.30%, up from 20.40% the prior year.

As a percentage of purchase volume from all credit, debit and prepaid general purpose and private label cards, the weighted average of processing fees paid was 1.45% in 2020, down from 1.54% in 2019.

Prior issues: 1176, 1155, 1131, 1109



© Copyright 2021 Nilson Report

You have 2 free articles remaining. Subscribe today. View Subscription Offer
New subscribers receive over 130 articles in the 22 issues published each year,
plus the last five years of issues (that's over 1,200 articles) on a searchable flash drive.