Story perspectives

Visa and Mastercard Settle to Lower Merchant Fees

11/9/2025

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Summary

Story summary

Visa Inc. and Mastercard Inc. are nearing a settlement with merchants to cut interchange fees and ease card-acceptance rules.
The deal would reduce typical interchange fees from about 2%–2.5% by roughly 0.1 percentage point over several years.
It would categorize acceptance and ease current merchant rules governing payment methods.
Merchants have long criticized high swipe fees and anti-steering rules.
Visa Inc. and Mastercard Inc. deny any wrongdoing.

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Story summary

Visa Inc. and Mastercard Inc. are nearing a settlement with merchants to cut interchange fees and ease card-acceptance rules.
The deal would reduce typical interchange fees from about 2%–2.5% by roughly 0.1 percentage point over several years.
It would categorize acceptance and ease current merchant rules governing payment methods.
Merchants have long criticized high swipe fees and anti-steering rules.
Visa Inc. and Mastercard Inc. deny any wrongdoing.