Home » Topics » Credit card giants Visa

Visa, MasterCard to pay over $6 billion to merchants in swipe fees case

WASHINGTON — Credit card giants Visa and MasterCard agreed Friday to pay more than $6 billion to millions of merchants which had sued them for allegedly fixing card-use fees. In a negotiated settlement to resolve the seven-year-old case, Visa agreed to pay $4.03 billion to settle the class-action lawsuit while…