Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees
Retail TouchPoints
MARCH 28, 2024
merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. Swipe fees typically include small, fixed fees plus a percentage of the total sale amounts and average about 1.5%
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