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Interchange Fees vs Visa and MasterCard's $30 Billion Lawsuit
Manage episode 409203626 series 3553590
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This week I talk about the recent lawsuit settled between Visa and Mastercard vs United States Merchants.
The lawsuit effectively will lower interchange costs for the next 5 years on all Visa and MasterCard credit card transactions.
But what exactly are interchange fees, what do they do and why are they so high in the first place? How do they compare to other places, regions in the world?
Listen to me recite sweet legal jargon from a United States District Judge - shout out to Margo Brodie for the Memorandum & Order that I was able to find on govinfo.gov !
You’ve reached the Monetization Matrix with me, your host, Kristian Hansen. Your expert with insights into payments and subscription strategies - where I discuss how to help you monetize your products and services for growth.
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