As Visa and Mastercard raise fees, merchants may look to crypto

Cointelegraph

Published Feb 24, 2021 04:40PM ET

Updated Feb 24, 2021 06:20PM ET

Credit card providers charge merchants a cut of the payments they accepted, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative?

Visa Inc (NYSE:V). and Mastercard Inc (NYSE:MA). are planning to raise swipe fees for some types of credit-card purchases in April,” the Wall Street Journal reported on Wednesday, adding:

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