Thomson Reuters
- Visa and Mastercard settled with US retailers over fees on credit-card swipes.
- The agreement is set to allow retailers to negotiate fees directly with the credit-card companies.
- As a result, some customers may pay more at checkout.
After nearly two decades of litigation, Visa and Mastercard have reached a massive antitrust settlement with US retailers capping fees on credit-card swipes.
The agreement, which is still subject to court approval, is set to make Visa and Mastercard transactions cheaper for retailers and for some consumers.