Visa and Mastercard agree to $30B settlement that will lower merchant fees
Comments ( https://news.ycombinator.com/item?id=39850685 )
https://www.cnn.com/2024/03/26/economy/visa-mastercard-swipe-fee-settlement/index.html
Discussion
"Settlement gives merchants the ability to impose surcharges on customers, depending on what kind of Visa or Mastercard card they use. Those surcharges would likely hit cardholders who get rewards such as cash back and airline miles, since those can carry higher swipe fees.
On the other hand, some cardholders could get discounts on goods and services, since merchants would be able to make deals with banks to get them to use what they consider to be a preferred card."
- Time for the Satscards