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

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

Until recently, this famed NJ restaurant has had only one price for each item on the menu

The charge amount is being lessened, but only temporarily.

The settlement, which only applies to US merchants, is the result of a lawsuit filed in 2005.

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

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

The settlement reached between U.S. merchants and Visa and Mastercard could potentially save consumers tens of billions of dollars.

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

Visa and Mastercard have reached a settlement to cap credit card fees for retailers, resulting in an estimated $30 billion of savings over five years.... -March 26, 2024 at 10:00 am EDT - MarketScreener