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> Merricks alleges Mastercard charged excessive “interchange” fees – the fees retailers pay credit card companies when consumers use a card to shop - between Ma
by DerekBickerton 5y ago
> Merricks alleges Mastercard charged excessive “interchange” fees – the fees retailers pay credit card companies when consumers use a card to shop - between May 1992 and June 2008 and that those fees were passed on to consumers as retailers raised prices
Before I clicked I thought this was their monopoly under scrutiny and not about fees, since the only CC companies I know of is Amex/Visa/Mastercard who have a stranglehold on the market, much like Google & Facebook.
Cryptocurrency will hopefully change this, as I believe that's one of cryptocurrency's promises. Already I sound dated since crypto is now a mature thing you can actually use, albeit with some teething problems still present that haven't been ironed out.