Entries tagged “interchange fees”
Visa & Mastercard Interchange Fees Merchant Class Action Update
insights Douglas J. Schneller · John J. Hanley · Patrick Maschio · April 24, 2019
In recent years merchants, regulators, banks and financial institutions, consumers and other parties have been keenly focused on “interchange fees” charged to merchants by issuers of credit or debit cards for any transaction in which the card is used for a purchase. Interchange fees typically consist of a percentage fee, based on the volume of…