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small business owners hopeful to cut down on Swipe fees as visa and MasterCard settle to allow small businesses to negotiate those fees 12 News digital anchor Keith Grant talked to the small business administration here in witch talk Keith yeah this settlement isnamp;#39;t official yet it still has to be approved by a US District Court of New York but the SBA says swipe fees are an issue for small businesses bottom lines swipe fees can cost Merchants up to 4% usually this fee is passed on to the consumer thatamp;#39;s why at some cash registers you may notice signs offering a cash discount to cut down on costs local SBA director Wayne Bell says this will help store owners and consumers in in 2023 over100 billion do collectively in these fees you know these interchange fees were U you know were paid by small businesses by by Merchants now if this settlement make its way through the final steps small businesses will be able to bargain those fees until 2030 the law firm announcing the s
