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Mastercard & Visa v (Merchants) recently settled an antitrust lawsuit regarding this practice. >http://www.bloomberg.com/news/2012-07-13/visa-mastercard-settle
by djloche 14y ago
Mastercard & Visa v (Merchants) recently settled an antitrust lawsuit regarding this practice.
>http://www.bloomberg.com/news/2012-07-13/visa-mastercard-settle-merchants-antitrust-swipe-fee-suit.html http://www.bloomberg.com/news/2012-07-13/visa-mastercard-set...
>The agreement, which provides for a temporary reduction in rates for merchants and allows them to impose surcharges on customer purchases, follows a seven-year legal battle with U.S. retailers that accused the two largest payment networks of conspiring with banks to fix swipe fees, or interchange.