Visa and Mastercard Reach Historic Settlement to Decrease Merchant Fees
Tuesday, 26 March 2024, 13:34
Visa and Mastercard Settle Antitrust Case
Two of the world's largest credit card networks, Visa and Mastercard, along with their banking partners, have reached a massive $30 billion settlement to resolve a long-standing antitrust lawsuit. The agreement aims to address the concerns raised by merchants regarding excessive fees.
Impact on Merchant Fees
- This settlement is expected to have far-reaching implications on merchant fees globally.
- It signifies a significant step towards more balanced transactions in the payment industry.
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