I don't know wtf it is, hadn't heard of it until today, but I just got a letter from my merchant payment processor telling me at least one way it's going to affect me as a small business owner. Starting for 2011's sales, they are now required to file form 1099-K with the IRS telling them how much my credit card sales are monthly and annually. If they can't match up my name and FID to IRS records they must hold back 28% of sales as "backup withholding" and give it to the IRS. Another way the banks are being forced to turn into big brother, watching our transactions and reporting on them. I don't know how this may or may not effect things like Paypal. I know they already report people for receiving over a certain amount of money. Under the new health bill, the IRS will have the right to auto-deduct the penalties from bank accounts without the account holders authorization. Now they also have the ability to take funds before they ever even enter a bank account. Of course this will cost money. In the same letter they also informed me that the fees for accepting debit cards are being raised 20%, the fees for accepting all credit cards are being raised 1/3 of a percent of the amount charged, and if a company uses a corporate card but that company is making a tax exempt purchase the store is screwed for the highest possible rate no matter what other qualifications might make it less. And they are introducing another type of card entirely where you can have your points credited to the card and use them like you had a prefunded debit card but they are going to hit the retailer with extra fees for this they just don't know how much yet. So if you're doing anything weird like helping out a subleased guy by accepting credit cards or letting an artists customer run their card kind of on the side to get the framing order or loaning your company money by running your own card through the terminal (none of these smart but I'm sure they happen) just do yourself a favor and stop now.