credit card payment transaction fees
Visa and Mastercard will reach a settlement with U.S. merchants aimed at reducing transaction fees for credit card payments. This agreement is expected to address long-standing concerns from merchants regarding the high costs associated with accepting credit card transactions. By settling, the two companies aim to create a more favorable environment for merchants, who have been advocating for lower fees. The resolution may enhance the competitive landscape of payment processing and provide merchants with more cost-effective options. Overall, this move could lead to significant changes in how credit card transactions are handled and could benefit U.S. merchants financially.
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