Nilson Report

Issue 1155 | Jun 2019

FEATURED COMPANIES

Companies featured in this issue include:

Top Issuers of Commercial Cards in the U.S. 2018—Ranked by Purchase Volume

Investments & Acquisitions—May 2019

Top General Purpose Acquirers in Middle East and Africa 2018

Largest Visa/Mastercard Merchant Acquirers in Middle East and Africa 2018

U.S. Merchant Card Fees 2018

U.S. Visa & Mastercard Commercial Card Issuers 2018

U.S. Visa & Mastercard Purchasing & Fleet Cards

U.S. Visa & Mastercard Small Business Credit Cards

U.S. Visa & Mastercard Small Business Debit Cards

U.S. Visa & Mastercard Prepaid Cards

U.S. Visa & Mastercard Corporate Cards

Top U.S. Visa & Mastercard Purchasing and Fleet Cards

The chart on page 10 ranks the 46 largest issuers of purchasing and fleet cards in the U.S. The five largest are listed here based on purchase volume in 2018.

Bank of America
$45.19 billion purchase volume, +5.5%
U.S. Bank
$39.02 billion purchase volume, +9.4%
JPMorgan Chase
$38.95 billion purchase volume, +11.6%
Comdata
$35.86 billion purchase volume, +19.5%
Wells Fargo
$32.92 billion purchase volume, +9.3%

Full access to the Top U.S. Visa & Mastercard Purchasing and Fleet Cards results is available when you subscribe to The Nilson Report.

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POSTED JUN 14, 2019 | PRINT

Merchant Processing Fees in the U.S.—2018

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 $6.962 trillion in payments for goods and services in 2018, an increase of 10.0% over 2017. To accept those payments, merchants paid $107.78 billion in processing fees, an increase of $11.52 billion, or 12.0%, over the prior year.

General purpose Visa, Mastercard, Discover, and American Express credit cards and private label store, gasoline, medical, etc. credit cards combined to generate $3.930 trillion in purchase volume, up 9.3%. 

Credit cards accounted for 56.46% of combined credit, debit, and prepaid card purchase volume. To accept credit cards, merchants paid $86.30 billion in processing fees, up 12.6%. This equaled 80.07% of total processing fees they paid in 2018. 

Star, Nyce, Pulse, and the other domestic-only EFT system cards and Visa and Mastercard debit cards combined to generate $3.031 trillion in purchase volume in 2018, up 11.1%. This accounted for 43.54% of all spending for goods and services including credit cards. To accept those debit cards, merchants paid $21.48 billion, up 9.6%. This accounted for 19.93% of the total processing fees they paid.

The weighted average of processing fees paid as a percentage of purchase volume from all credit, debit, and prepaid general purpose and private label cards was 1.55% in 2018.



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