Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees
Retail TouchPoints
MARCH 28, 2024
history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005. Swipe fees typically include small, fixed fees plus a percentage of the total sale amounts and average about 1.5% The antitrust settlement is one of the largest in U.S.
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