Mastercard Network Assessment Fee Hiked, Retailers Express Concerns

Thursday, 4 April 2024, 12:56

Mastercard is set to increase its network assessment fee from 0.13% to 0.14% on April 15, potentially resulting in an additional $259.1 million in fees for retailers. The decision has sparked criticism from merchants about the added financial burden and has led them to consider legal actions against Mastercard and Visa.

https://store.livarava.com/f891e7c5-f2ea-11ee-895f-87cc5c87fb08.jpg — Mastercard Network Assessment Fee Hiked, Retailers Express Concerns

Mastercard Fee Increase

Mastercard announced an upcoming hike in the network assessment fee from 0.13% to 0.14% starting April 15.

Retailers' Concerns

Retailers are alarmed by the potential increase in costs, which could amount to $259.1 million, impacting their bottom line.

Merchants are considering legal actions against both Mastercard and Visa to challenge the fee adjustments.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Mastercard Fee Increase

Retailers' Concerns

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