A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. The ruling likely means the credit card processors will have to make more concessions to resolve their long-standing dispute with merchants.
  • kungen@feddit.nu
    521·
    5 months ago

    the proposed settlement gave merchants the ability to impose surcharges on customers depending on what kind of Visa or Mastercard card they use.

    Good that the settlement was rejected then. Passing card fees onto the end-customer doesn’t fix the problem.