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Visa and Mastercard agree to lower swipe fees

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Visa and Mastercard have agreed to lower swipe fees in the United States.

The so-called interchange fees will be reduced by an average of 0.1 percentage points over five years.

The move is the latest attempt to settle a 20-year dispute with merchants.

Read more from the Financial Times.

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Laura@tomkissee.com

Not near good enough ... and also, these merchants needs to be STOPPED at charging the consumer for the consumer using a DEBIT card. I'm a big tipper but it's going to come down to me having to discount my tips to cover the extra charge for using my DEBIT.

Tuesday, November 11, 2025
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