@todayshow: Visa and Mastercard have announced a $38 billion settlement with retailers who accuse the card networks of charging too much to accept their credit cards. Under the settlement, the card companies would lower their swipe fees by about one tenth of a percent over five years. #TODAYShow
Why would it go to retailers? The customers are the ones who paid it. Businesses are not out here ratting costs (see: tariffs)
2025-11-11 20:46:44
1256
Devon :
And like 24% APY. There’s just not enough money for these poor CC companies!
2025-11-11 22:52:44
36
cmacinvegas :
A tenth of a percent? 😂😂😂
2025-11-11 20:53:00
967
quesofortacos :
.1% of EVERY TRANSACTION is nothing to them
2025-11-11 20:41:00
1073
. :
Yet I guarantee my APR won’t go down even an ounce
2025-11-12 02:03:55
289
john69 :
Consumers paid those fees because retailers raised prices so they would not have to pay those fees but retailers will receive the settlement and retailers will continue collecting the fees
2025-11-12 01:28:10
253
Apple :
they almost have a monopoly. credit card fees should never exceed 2%
2025-11-12 00:40:26
180
FreelanceCube :
Capitalism is evil
2025-11-12 15:24:40
30
ohse7en :
1/10 of a percent is worth 38 billion dollars? What’s the real story???
2025-11-11 22:51:45
53
fernandafernandez111213 :
THE FACT THAT WE DONT HAVE ANY OTHER CHOICE OF USING THIS USELESS CARDS BECAUSE EVERYWHERE THEY WANT CARD 🙄🙄
2025-11-11 22:54:30
55
Devilfish B :
this will not put money back in consumer pockets. damage is done. onces prices are raised they dont go back down. keep boiling the frogs
2025-11-12 02:47:08
0
steveo :
cash is king
2025-11-12 03:27:27
2
Argus3987 :
Wow…. That’s a lot. Who getting paid?
2025-11-11 22:42:03
7
J. Castillo :
So can we get our CC debt forgiven then…?
2025-11-14 00:46:26
0
eddie :
Businesses really need to get rid of the 3% credit card surcharge. Government needs to do something about it.
2025-11-11 20:39:04
7
Lenny.the.Lab :
The restaurant industry best stop charging a CC fee 😒
2025-11-11 23:22:26
6
trump’s sequestered underwear :
Do we get any of that - seeing as those costs would’ve been passed down to us?
2025-11-11 19:17:23
18
💙💙💙🇺🇸 :
Credit card companies make soooooo much money from retailers, it’s disgusting! This is a slap in the face to the retailers
2025-11-12 01:04:05
12
Love me some bacon 🥓 :
Credit card fees should not be based on percentage. They should be a flat fee. It doesn't cost the credit card company any more to process the payment for my family groceries than it does to process the payment for my breakfast.
2025-11-13 02:54:38
0
Ashleeanne :
Ha! This makes me laugh. People say that AMEX charges the highest merchant fees. But Amex is not a part of this settlement.
2025-11-12 17:15:41
1
Plastic Brick Cartel :
Maybe credit card networks shouldn't be privitized.
2025-11-12 04:21:56
0
Yo Mama :
so instead of charging 7% per swipe it will be 6.9%. LOL! Whew! I'll save $0.02 on every coffee at starbucks. 👍
2025-11-12 00:49:57
0
celo :
America is turning into one big monopoly
2025-11-12 14:36:29
1
mitch_august :
Merchants won’t adjust their prices for us lol. But nothing we can do as consumers except let them overcharge us.
2025-11-12 02:25:10
3
CaeA_CMail - Busa🔥 :
Retailers need to stop transferring that handling fee onto the customers bill and having the customers pay it under a handling fee. That's their cost, not the customers.
2025-11-12 01:21:41
0
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