Mastercard Set to Increase Credit Card Fees, Adding Millions in Costs for Retailers After Visa Settlement

April 4, 2024

Mastercard Inc (NYSE:MA) looks to raise specific credit card fees starting April 15, a move that comes shortly after announcing a $30 billion settlement with Visa Inc (NYSE:V) over swipe fees aimed at providing financial relief to retailers. The network “assessment” fee will increase to 0.14% from 0.13%, which translates to an additional $259.1 million in fees based on last […]
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