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Entries tagged “interchange fees”

Visa & Mastercard Interchange Fees Merchant Class Action Update

insights Visa & Mastercard Interchange Fees Merchant Class Action Update Douglas J. Schneller · Visa & Mastercard Interchange Fees Merchant Class Action Update John J. Hanley · Visa & Mastercard Interchange Fees Merchant Class Action Update 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…

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