Ban on MasterCard cross-border fees remains in place
MasterCard has lost its challenge at Europe’s highest court against an EU ban on its cross-border card fees, Reuters announced this week. The European Commission’s initial finding against MasterCard in 2007 has been upheld.
What does this mean for merchants?
- Fees for cross-border transactions capped at:
- 0.2 percent for debit cards
- 0.3 percent for credit cards
- Potential for other regulators to cap fees more generally as part of a broader regulatory drive to cut the cost of using payment cards
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