Visa, Mastercard to cut credit card swipe fees

Business Nov 11, 2025

Visa and Mastercard have agreed to lower credit card swipe fees for US retailers over the next five years, capping standard rates and cutting interchange fees.
This move could save stores more than $200 billion—a major shift after years of complaints about high costs every time you tap or swipe your card.

Deal gives merchants more flexibility in credit cards accepted

The deal gives merchants more flexibility in which credit cards they accept, possibly changing how checkout works.
But not everyone's celebrating: some retailer groups say the settlement mostly helps lenders and leaves Visa and Mastercard's own fees untouched.
Still, both companies say this will bring "meaningful relief" to merchants and provide more flexibility and options for payment acceptance.