How Much Interchange was Paid on Sales Tax in the U.S.?
CMSPI estimates that U.S. merchants paid nearly $11 billion in interchange on sales tax in 2024 alone. Read more to see how the impact differed by state.
Interchange Paid on Sales Tax (2022-2024)
Methodology
Please note: Estimates have been updated for 2024 to reflect the total card fee estimates provided in CMSPI’s State of the Industry Report.
Interchange Estimates
Total interchange fees charged on credit and debit cards have been analyzed using CMSPI estimates and analysis of published credit card interchange fee schedules, publicly available network volume reporting and Federal Reserve data on debit card interchange fees.
Interchange Paid on Sales Tax
Using sales tax data1 and public financial reports from Visa and Mastercard, we have ascertained the total volume through debit and credit cards, which have been split by state by GDP.2