Visa–Mastercard Swipe Fee Settlement 2025: How Credit Card Checkout and Rewards Are About to Change
If you’re used to tapping the same rewards credit card everywhere without thinking, that habit is about to be stress‑tested. Over the past few days, Visa and Mastercard have unveiled a revised $38 billion “swipe fee” settlement in a 20‑year antitrust fight with U.S. merchants – and regulators, retailers, banks and consumer advocates are all warning that paying with a credit card is about to get more complicated. Reuters+1 At the same time, a separate multibillion‑dollar settlement from an earlier phase of the same litigation has moved into the payout stage, with partial distributions to merchants now expected in early
