Visa, Mastercard Prepare to Raise Credit-Card Fees

Visa Inc. V 0.53% and Mastercard Inc. MA 0.45% are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.

The fee increases—delayed during the past two years because of the pandemic—are scheduled to kick in next month, according to people familiar with the matter and a document viewed by The Wall Street Journal.

Interchange fees account for most of the increase. Merchants pay these fees, which are set by the card networks, when shoppers use their cards. The fees go to the bank that issued the card.

WSJ