Visa & Mastercard Reach Swipe Fee Settlement
Details Written by: RJ Visa and Mastercard have come to a $38B settlement with merchants over swipe fees. The deal still needs to be signed off on by a judge. The settlement calls for Visa and Mastercard to lower swipe fees, which averaged 2.35% in 2024 and typically range from 2% to 2.5%, by 0.1…