The settlement at hand would extend to all U.S. merchants that accepted Visa or Mastercard debit or credit cards dating back to December 2020. Getty Images (ljubaphoto) By Andy Medici – Senior ...

Visa and Mastercard on Tuesday reached a landmark $30 billion settlement that will limit credit and debit card fees for merchants, with some savings likely to be passed on to consumers.

The settlement is set to lower swipe fees merchants pay when customers make purchases using their Visa or Mastercard by $30 billion over five years, according to a press release announcing the ...

According to the settlement announced Tuesday, Visa and Mastercard will cap the credit interchange fees into 2030, and the companies must negotiate the fees with merchant buying groups.

Visa, Mastercard 'swipe' fee settlement dealt a big blow expand The settlement at hand would extend to all U.S. merchants that accepted Visa or Mastercard debit or credit cards dating back to ...

Visa and Mastercard say they and several banks will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions.

Visa, Mastercard's Swipe Fee Settlement Might Save You Money, For Now. The limited-time agreement directly benefits merchants, which can potentially pass savings on to consumers.

Visa, Mastercard Had Agreed to Settlement in March In the deal reached in March , the card companies agreed to lower fees they charge businesses to make credit card transactions. They also said ...

Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees that could potentially save American shoppers tens of billions of dollars. Swipe fees are paid to Visa ...

Visa and Mastercard reached a settlement with U.S. merchants this week that could have some trickle-down effects for consumers if the deal is approved. The agreement would lower credit card ...

Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. ... Millions of businesses eligible for $5.5B Visa Mastercard antitrust fee settlement.

March 26 (UPI) --Visa, Mastercard and their card-issuing banks settled a decades-old federal lawsuit in New York brought by merchants over high swipe fees.The settlement, which only applies to ...