The old settlement allows giving discounts to cash, to debit cards etc, but it doesn’t allow giving discounts to visa/Mastercard issued by particular banks/businesses.
The new settlement will allows merchants to pass the fees directly to consumers on issuer level thereby disclosing the fee of each card and promoting the transparency. Consumers can understand the cost associated with each card and make their tradeoffs
Interestingly there is a call out on the 2018 American Express SCOTUS judgement. I don’t understand that very well.
> Merchants can charge for using a Visa or Mastercard credit card, regardless of whether they can charge for using American Express, whose rules for merchants were upheld by the Supreme Court in 2018.
The old settlement allows giving discounts to cash, to debit cards etc, but it doesn’t allow giving discounts to visa/Mastercard issued by particular banks/businesses.
The new settlement will allows merchants to pass the fees directly to consumers on issuer level thereby disclosing the fee of each card and promoting the transparency. Consumers can understand the cost associated with each card and make their tradeoffs
Interestingly there is a call out on the 2018 American Express SCOTUS judgement. I don’t understand that very well.
> Merchants can charge for using a Visa or Mastercard credit card, regardless of whether they can charge for using American Express, whose rules for merchants were upheld by the Supreme Court in 2018.