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  2. Visa, Mastercard settle long-running antitrust suit over ...

    www.aol.com/news/visa-mastercard-settle-long...

    Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. Merchants ultimately pass on those fees to consumers who use credit or debit cards.

  3. 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 ...

  4. NEW YORK (Reuters) - A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit ...

  5. 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 ...

  6. Durbin amendment - Wikipedia

    en.wikipedia.org/wiki/Durbin_amendment

    The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...

  7. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

  8. Can a business charge for using a credit card? - AOL

    www.aol.com/finance/business-charge-using-credit...

    Common credit card transaction fees. In short, merchant fees are legal in most states as long as the business follows the necessary protocols. But before diving into these specific protocols, it ...

  9. E-commerce payment system - Wikipedia

    en.wikipedia.org/wiki/E-commerce_payment_system

    There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...

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