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Visa and Mastercard Settle for $30 Billion, Lowering Merchant Fees

1 min read
Source: Financial Times
TL;DR

Visa and Mastercard have reached a $30 billion settlement over allegations of fixing credit card swipe fees in the US, potentially ending a 16-year legal battle. The settlement, which is subject to court approval, would resolve a class-action lawsuit brought by millions of US businesses.

Topics:business#business#mastercard#settlement#transaction-fees#us#visa
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  1. Visa and Mastercard agree $30bn settlement over US transaction fees  Financial Times
  2. Visa and Mastercard agree to $30 billion settlement that will lower merchant fees  CNN
  3. Visa, Mastercard Agree to Lower Swipe Fees in Settlement  The Wall Street Journal
  4. Visa, Mastercard Reach $30 Billion Swipe-Fee Deal With Merchants  Bloomberg
  5. Mastercard, Visa reach $30 billion settlement over credit card fees  CNBC

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