Visa and Mastercard to Limit Swipe Fees, Providing Relief for Merchants
Tuesday, 26 March 2024, 22:18
Visa and Mastercard Set to Cap Swipe Fees
The recent agreement between Visa and Mastercard is set to bring significant benefits to merchants, potentially saving them $30 billion over the course of five years. This move aims to provide relief and greater predictability in transaction costs for businesses.
Flexible Pricing Model Introduced
- Merchants' Savings: The arrangement would enable merchants to adjust their prices based on the expenses linked to processing different credit cards, enhancing cost-control measures.
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