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2. 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.

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

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

   In March 2024, a settlement in the injunctive relief portion of the payment card interchange fee case was announced to reduce what are known as "swipe fees" for merchants in the U.S. This change, set to last five years, was expected to save retailers about $30 billion and mark the end of a long-standing legal battle over antitrust issues ...

4. Visa and Mastercard agree to $30 billion settlement that will ...

   www.aol.com/visa-mastercard-agree-30-billion...

   Typically, swipe fees cost merchants 2% of the total transaction a customer makes — but can be as much as 4% for some premium rewards cards, according to the National Retail Federation. The ...

5. US judge rejects Visa, Mastercard $30 billion swipe fee ... - AOL

   www.aol.com/news/us-judge-rejects-visa...

   The case is In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, U.S. District Court, Eastern District of New York, No 05-md-01720. (Reporting by Jonathan Stempel in New ...

6. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   The remaining $2, known as the merchant discount [16] and fees, gets divided up. About $1.75 would go to the card issuing bank (defined as interchange), $0.18 would go to Visa or MasterCard association (defined as assessments), and the remaining $0.07 would go to the retailer's merchant account provider.

7. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   Interchange fees or "debit card swipe fees" are paid to banks by acquirers for the privilege of accepting payment cards. Merchants and card-issuing banks have long fought over these fees. Prior to the Durbin amendment, card swipe fees were previously unregulated and averaged about 44 cents per transaction. [3]

8. Credit Card 'Swipe' Fees Could Cost Shoppers Over $20 ... - AOL

   www.aol.com/credit-card-swipe-fees-could...

   If all purchases were made with cards, swipe fees would total $27.7 billion, up from $26 billion. andresr/istockphoto. Swipe Fees Are a Big Expense for Stores.

9. When You Swipe a Card, Who Should Pay -- and How Much ... - AOL

   www.aol.com/news/2010-06-18-the-debate-over...

   Setting a Limit on Swipe Fees ... (on which they pay higher fees) or even offer a discount to people using a Discover card rather than Visa. ... If a merchant pays a $2 fee on a $100 transaction ...