Visa and Mastercard's interchange fees found to violate competition law in the UK

From Yahoo Finance: 2025-06-30 17:07:00

Visa Inc. (V) is part of Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. A British tribunal ruled Visa and Mastercard’s multilateral interchange fees breach European competition law. Visa disagrees with the decision and plans to appeal. The ruling is a significant win for merchants, marking the first time these fees were found to infringe competition laws.

The dispute over multilateral interchange fees has been ongoing for decades. David Scott of the law firm Scott+Scott, representing the claimants, hailed the ruling as a victory for merchants. Visa believes interchange fees are essential for a secure digital payments ecosystem benefiting consumers, merchants, and banks.

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Read more: Visa Inc. (V), Mastercard Merchant Fees Infringe Competition Law, UK Tribunal Rules