Visa and Mastercard to Reduce Credit-Card Fees in Agreement with Merchants

Tuesday, 26 March 2024, 12:45

Visa and Mastercard have reached a significant agreement with U.S. merchants to lower and cap credit-card interchange rates. This landmark settlement is set to have a notable impact on the financial landscape, aiming to benefit both merchants and consumers with reduced fees.
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Visa and Mastercard to Reduce Credit-Card Fees in Agreement with Merchants

Visa and Mastercard Reach Agreement

Visa and Mastercard have agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants. This move is set to have a significant impact on the financial industry.

Key Points:

  • Lowering Fees: The agreement will result in reduced fees for merchants accepting Visa and Mastercard.
  • Consumer Benefits: Lower interchange rates can lead to potential benefits for consumers.

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.


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