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2. 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 ...

3. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards, while there is no cap for corporate cards. [3] In the US, card issuers now make over $30 billion annually from interchange fees. Interchange fees collected by Visa [4] and MasterCard [5] totaled $26 billion in 2004. In 2005 the number ...

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

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

   Merchant fees are fees that businesses are required to pay to accept cards as payment. They vary depending on the type of card used and can include several layers of charges. For example ...

5. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   This rule also allows issuers to raise their interchange fees by as much as one cent if they implement certain fraud-prevention measures. [11] An issuer eligible for this adjustment, could therefore receive an interchange fee of as much as 24 cents for the average debit card transaction (valued at $38), [ 11 ] according to the Federal Reserve.

6. Durbin meets with Springfield businesses about proposal aimed ...

   www.aol.com/durbin-meets-springfield-businesses...

   Owning a small business is not easy and costly credit card fees are making it harder. ... “Merchants and consumers pay $3.8 billion dollars in credit card interchange fees to line the pockets of ...

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

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

   Visa and Mastercard agreed to roll back the posted swipe fee of every merchant by at least 0.04 percentage points for at least three years ... This means on a $100 sale, the $2 fee will be reduced ...