Visa and Mastercard ended their long swipe fee battle with a $30 billion settlement
Visa and Mastercard reached a settlement on Tuesday that could save U.S. merchants nearly $30 billion over five years, ending a decades-long legal battle over so-called“ swipe fees.”. In 2023, American merchants were charged a total of nearly $101 billion for Visa and Mastercard credit cards, a $7.5 billion increase from 2022, according to the latest Nilson...