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Mastercard

Business

Visa and Mastercard Reach $38 Billion Settlement to Cut Swipe Fees for U.S. Merchants

November 12, 2025

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Visa and Mastercard have announced plans to reduce certain fees imposed on merchants in the United States as part of a massive $38 billion legal settlement, following more than two decades of litigation over antitrust violations.

Visa and Mastercard have announced plans to reduce certain fees imposed on merchants in the United States as part of…