💳 Visa & Mastercard Settle Swipe Fee Dispute

Visa and Mastercard are close to securing a settlement with US merchants, potentially concluding a legal battle over credit card swipe fees that has lasted nearly 20 years. The deal proposes reducing swipe fees by an average of 0.1% over several years and granting merchants more flexibility in credit card acceptance. These changes promise significant savings for small and medium-sized businesses. This follows the rejection of a prior $30 billion settlement, with demands for better merchant terms. 🔍