Visa, MasterCard in $7.3 billion settlement over credit card fees

"The settlement agreement also would give merchants new rights to impose a surcharge on credit transactions, subject to a cap and other limitations. The rules governing such surcharges likely would be implemented in early 2013. Merchants also would be allowed to band together to try to negotiate better rates on the so-called interchange fees."

Happy day are here again OH HAPPy..

Thread: Visa, MasterCard in $7.3 billion settlement over credit card fees , cool avitar

Last Edited by 12.21.12 on 07/13/2012 11:34 PM

That's more than JPMorgan's loss that everyone is making a big deal over. I guess it's just digits, huh?

Thanks, I just can't believe how folks just suck up to their tit.

IMHO, I totally think everyone should now just cash their checks and ask for cash. The bank will undoubtably add a fee to that. But not yet go for it..