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2. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

3. Square (financial services) - Wikipedia

   en.wikipedia.org/wiki/Square_(financial_services)

   Square is a point-of-sale system for businesses with physical or online stores. [1][2] Launched in 2009 by Block, Inc., [3] it enables sellers to accept card payments and manage various business operations. As of 2023, Square leads the U.S. point-of-sale systems market, [4][5][6] serving 4 million sellers and processing $210bn annually. [7][8]

4. What these small business owners want customers to know about ...

   www.aol.com/finance/small-business-owners-want...

   Another layer is payment processor fees charged by the payment processor company that handles the transaction processing for the business. ... 35 percent swipe) and credit cards (35 percent using ...

5. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/lower-mastercard-visa-swipe-fees...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

6. Block, Inc. - Wikipedia

   en.wikipedia.org/wiki/Block,_Inc.

   Block, Inc. Block, Inc. (formerly Square, Inc.[9]) is an American technology company offering financial services to consumers and businesses. [10][11][12] Founded in 2009 by Jack Dorsey, it leads the U.S. point-of-sale systems market. [13][14][15] As of 2023, Block serves 56 million users and 4 million businesses, [16][17] processing $228 ...

7. Bank junk fees: Who gets hit and which institutions are the ...

   www.aol.com/bank-junk-fees-gets-hit-180000970.html

   Craig Shearman, a spokesman for the Merchants Payments Coalition, which lobbies for payment system reforms, says swipe fees are most merchants' highest cost after labor and drive up prices by over ...