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News@lemmy.world · 3 months ago

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

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Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

paf0@lemmy.world to

News@lemmy.world · 3 months ago

cross-posted to:
[email protected]

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

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3 months ago
About time.

For reference, visa charges about 1.5%-3.5% on everything.

Oh, plus ten cents for every transaction, because fuck you, that’s why.

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