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Published 1 month ago

Visa, Mastercard to lower ‘swipe fees’ in merchant antitrust suit settlement

  • Visa and Mastercard agree to slash credit card swipe fees for merchants, potentially saving retailers $30 billion over five years.
  • This landmark class action settlement brings an end to long-standing antitrust litigation against the credit card issuers.
  • The reduction in fees is expected to benefit businesses that have long dealt with these charges, potentially boosting profit margins.
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Visa, Mastercard reach US$30 billion settlement over credit card fees

Visa and Mastercard reached an estimated US$30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers through lower prices.

1 month ago·Canada
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Associated Press NewsAssociated Press News

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Visa and Mastercard have announced a major settlement with U.S. merchants, potentially ending nearly two decades of litigation between merchants and the major payment companies over credit card fees. The

1 month ago·United States
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Hindustan TimesHindustan Times

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

1 month ago·New Delhi, India
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abc Newsabc News

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Visa and Mastercard have announced a major settlement with U.S. merchants, potentially ending nearly two decades of litigation between merchants and the major payment companies over credit card fees

1 month ago·United States
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CNNCNN

Visa and Mastercard agree to $30 billion settlement that will lower merchant fees

Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, agreed to settle a decades-long antitrust case brought upon by merchants.

1 month ago·Atlanta, United States
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KRDOKRDO

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Associated Press NEW YORK (AP) — Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees, a development that could potentially save consumers tens of billions of dollars. Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. Merchants ultimately pass on those fees to consumers who use credit or debit cards. According to the settlement announced Tuesday, Visa an…

1 month ago·Colorado Springs, United States
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