Companies paid $2.1 billion in swipe fees in 2024 to accept credit cards. They’re fighting to get back $200 million charged on sales tax. Banks and other businesses say it’s not that simple.

Visa and Mastercard are offering to lower the fees they charge merchants to accept their credit cards to settle 20 years of litigation, but some merchant groups say it's all "smoke and mirrors" and ...

Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that merchants pay to the credit card networks. While those fees are paid by the store every time ...

On September 19, the U.S. District Court for the District of Massachusetts denied a motion to compel arbitration in a putative class action brought by small merchants challenging anti-steering rules ...

NEW YORK, Nov 10 (Reuters) - Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab announced a revised $38 billion settlement with merchants who accused the card networks of charging too much ...

Swipe fees have jumped 70% since the COVID-19 pandemic and hit a record $187.2 billion in 2024. The high profits are driven, in part, by lucrative credit card and debit card swipe fees, which have ...

By Jenifer Waller Four Colorado lawmakers recently published an op-ed in Colorado Politics calling for legislation to ...

Visa and Mastercard say they have reached a settlement to resolve a long-running battle over swipe fees. These are the fees that restaurants and retailers pay the card companies every time a customer ...

Visa and Mastercard announced a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, after a judge rejected an earlier $30 billion accord ...