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Merchants Support Swipe-Fee Settlement, Citing Surcharge Flexibility
ByAinvest
Wednesday, Jan 21, 2026 1:03 pm ET1min read
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Merchant lawyers are supporting a proposed settlement with Visa and Mastercard over swipe fees, citing an increase in merchant comfort in imposing surcharges. The settlement creates a $21 million fund for a merchant education program to educate consumers about card costs and steer payment choices. Economists Joseph Stiglitz and Keith Leffler argue that charging for premium cards is a charge for extra services, not a surcharge.
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