Illinois Eliminates Swipe Fees on Taxes and Tips

Illinois consumers may need to swipe their credit cards twice—once for the purchase and once for the sales tax—if Gov. J.B. Pritzker signs a new budget and revenue package. This change, aimed at capping the fees financial institutions can charge on sales tax transactions, has sparked concerns about implementation challenges and potential fraud. Retailers support the measure for the financial relief it offers, while critics argue it complicates payment processing.