Visa and Mastercard plan to increase credit card fees: report

Global payment processors Visa and Mastercard plan to increase the fees many merchants pay when accepting their customers’ credit cards The Wall Street Journal reported On Wednesday.

The fee increases are set to begin in October and April, the report said, citing people familiar with the matter and documents viewed by the WSJ.

Many of the fee increases will affect online purchases, the WSJ said.

Visa and Mastercard cards
According to the report, the fee increases are to begin in October and April.
Bloomberg via Getty Images

Visa and Mastercard did not immediately respond to Reuters requests for comment.

An interbank fee is the fee a merchant pays to the card-issuing bank each time a consumer swipes their card. Increases in fees merchants pay to card issuers are usually passed on to consumers, regulators have previously said.

Mastercard shares rose 1.3%, while Visa gained 1.1%.


DUSTIN JONES is a USTimeToday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. DUSTIN JONES joined USTimeToday in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with DUSTIN JONES by emailing

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