Visa, Mastercard settlement could impact the fees you pay, rejections of some cards
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Visa, Mastercard settlement could impact the fees you pay, rejections of some cards
A new settlement reached between Visa and Mastercard and retailers aims to slowly lower interchange fees, which are bank fees paid by merchants to process credit cards. CBS News business contributor Javier David breaks it down. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to ...
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Mastercard and Visa Reach $38 Billion Swipe Fee Settlement
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Soon, Visa cards may no longer be accepted at every store. Visa and Mastercard have reached a $38 billion settlement allowing stores to decide which credit cards to accept. The settlement also calls for lower swipe-fee charges and opens the door for merchants to add a 3% surcharge. Financial coach Bernadette Joy tells “Morning in America” the settlement could make checkout more complicated for shoppers. | NewsNation
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