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A comment on Visa, Mastercard $30B swipe fee settlement rejected by US judge. Parent comment

Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by JumpCrisscross on Wednesday June 26, 2024 @04:31AM (#40797677)
> why we don't get any decent credit cards in europe - there's no money to pay for it

What are Visa and Mastercard's net take rates in the U.S.? (As in, out of that 3.5%, how much do they keep on average and for premium cards?)

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Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by lxgr on Wednesday June 26, 2024 @07:58AM (#40798932)
It’s a bit more complicated: Even in the US, it’s not Visa and Mastercard taking the entire 3.5%. The largest part of that goes to the issuers, who pay a significant fraction back to the cardholder as rewards.
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Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by kasey_junk on Wednesday June 26, 2024 @09:20AM (#40799727)
Depends on the card type, merchant type and transaction type but about 0.14%
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