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Visa and Mastercard plan to increase fees


Credit card giants Visa and Mastercard plan to increase fees for card purchases, which will affect all players who accept card processing. It states initiated sources to the Wall Street Journal.

The fee increases, which have been delayed for the past two years due to the pandemic, are planned to be implemented in early April.

Brokerage fees account for most of the increase. Merchants pay these fees, which are determined by the card networks, when shoppers use their cards. The fees go to the bank that issued the card.

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