Visa, Mastercard Win Preliminary Approval for $200 Billion Swipe-Fee Settlement
Updated
Updated · Bloomberg · Jun 9
Visa, Mastercard Win Preliminary Approval for $200 Billion Swipe-Fee Settlement
3 articles · Updated · Bloomberg · Jun 9
Summary
$200 billion in retailer claims moved closer to resolution after a judge preliminarily approved Visa and Mastercard’s proposed swipe-fee settlement in the long-running antitrust case.
The deal aims to end decades of litigation over card “swipe fees” that merchants say were inflated by the two networks’ rules and market power.
An earlier $30 billion settlement proposal was rejected in 2024 by a different judge, making the new approval a significant step in a case that has run since 2005.
The dispute has centered on fees paid by merchants on card transactions, a cost that has long shaped retailer margins and payment-network practices across the US.