Visa, MasterCard, banks in $7.25 billion retail settlement - Yahoo! Finance
Visa and MasterCard and the banks agreed to a $7.25 billion settlement with some retailers over credit card swipe fee. Would it lead to a lower price at the stores? Would the potential lower price applies only if you used cash or debit card? How would it affect your preferred method of payment at the stores, particularly when many use credit cards that have a reward program? And would the settlement increase bank fees in other areas?
Visa and MasterCard and the banks agreed to a $7.25 billion settlement with some retailers over credit card swipe fee. Would it lead to a lower price at the stores? Would the potential lower price applies only if you used cash or debit card? How would it affect your preferred method of payment at the stores, particularly when many use credit cards that have a reward program? And would the settlement increase bank fees in other areas?
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