The Big Number: $30 Billion

The Big Number: $30 Billion

The New York Times-Business·2024-03-30 17:02

The Big Number: $30 Billion

Santul NerkarReporting on the business news of the week

Credit card companies charge merchants a fee every time you tap, insert or swipe. This past week, Visa and Mastercard agreed to cap those fees, potentially saving merchants $30 billion over the next five years.

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