Mastercard and Visa are preparing to increase the fees paid by large merchants, according to a report from The Wall Street Journal.
The fee increases are scheduled to take effect next month, the newspaper said, citing people familiar with the matter. The increases had been delayed for the past two years due to the pandemic.
Interchange fees charges set by the card companies and paid by merchants when shoppers use cards for payments account for most of the increase. The money goes to the bank that issued the card.
