Big Bucks Settlement: Visa and Mastercard's $30B Deal

A Costly Swipe: Credit Giants' Pricey Promise                                                                                                                                                                                                                                                                                                                                                                                                                 June 02, 2024 | [Read Online]( Hey, Wealth Watchers! Welcome to New Wealth Daily, where we make sense of big money moves. Today, we're talking about Visa and Mastercard's huge $30 billion settlement over credit card fees. IMPACT Visa and Mastercard Agree to $30 Billion Settlement Over Merchant Fees [3-minute read]( Key Points: - Visa and Mastercard settle for $30 billion over fee disputes. - Settlement terms include lower fees and more payment choices for shoppers. - Small businesses win big, but some say it's not enough to change the long game. Deep Dive: Visa and Mastercard are paying up big time to settle a dispute over card fees. They're promising to cut fees and let stores encourage cheaper payment options. It's a win for shops, but some think the deal won't last long enough. Why it Matters: This deal could mean savings for you at the register and more ways to pay. It's a step towards fairer shopping, but the future of card fees is still up in the air. Want the full story on how this could affect your wallet? [Click Here](for all the details! That's the scoop for now! Keep an eye on those statements and happy shopping. See you next time! Best regards, The New Wealth Daily Team P.S. Change is in the air, and sometimes it starts with a settlement that has a lot of zeros. Keep watching this space! Ankord A weekly journal entry written by Milan Kordestani covering the happenings of Ankord and its subsidiaries. ankord.beehiiv.com/subscribe?_bhba=3c601cd8-b1af-4b3d-b9c5-a02cfbf725e6 Must-Watch [The Rise and Fall of China's Real Estate Giant Evergrande 🎬]( [Oil Prices Sink as China Crisis Outweigh Middle East Tension🎬]( [tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 NEW WEALTH DAILY 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv](