Visa and Mastercard near settlement with merchants, would lower fees, WSJ reports

Visa finds even $200B can’t resolve battle with merchants

Nine years ago, the $5.7 billion sticker price to settle one of the biggest class-action lawsuits ever was rejected. Last year, it climbed to $30 billion, just to be thrown out again. Now, it’s north of $200 billion, and there’s growing doubt even that will be enough to end two decades of fighting. Visa and Mastercard this month took yet another swing at a deal that seeks to end a battle with thousands of retailers — and reshape the fees underpi…

Credit cards could get cheaper, but also more limited, under proposed swipe fee settlement

A proposed settlement between credit card giants Visa and Mastercard and merchants could result in lower prices, but it could also mean fewer payment options for consumers.The settlement addresses swipe fees charges retailers pay every time a customer uses a credit card. According to the National Retail Federation, credit card companies charged merchants an average 2.35% swipe fee in 2024. That means for every $100 credit card purchase, a mercha…

Will the Visa-Mastercard settlement impact your credit card rewards?

Visa and Mastercard have reached a revised settlement with merchants in an antitrust case that has been ongoing for almost 20 years over "swipe" (interchange) fees.The proposed deal could allow some merchants to refuse to process select Visa and Mastercard products or even add a surcharge when you choose to pay with them at checkout.Here's what you need to know about this new development and how it might impact earning credit card rewards in the…

Merchants Win Right to Reject High-fee Credit Cards

Visa and Mastercard announced on Monday a proposed settlement that would allow merchants to reject premium rewards credit cards for the first time, potentially upending the landscape for cardholders who rely on Chase Sapphire Reserve, American Express Platinum and other high-fee cards that have surged in popularity. The agreement, which would end 20 years of litigation over interchange fees, could save merchants more than $200 billion whilst thr…

Visa, Mastercard reach swipe-fee settlement: How it'll affect your wallet

Credit card networks Visa and Mastercard agreed to cut interchange fees that could save consumers money, with changes expected in late 2026 or early 2027.