Visa and Mastercard have reduced commission rates

Visa and Mastercard companies have agreed to reduce commission rates for credit card transactions in the United States. This was reported by Zamin.uz.

The Economic Times reports on this. As a result of this change, retail stores will be able to save 0.1 percent of funds on each transaction.

This decision is expected to slightly reduce the financial burden on retail stores, as previously these costs often fell on the buyers.

Now stores will have the option to choose which credit cards to accept. At the same time, the National Retail Federation (NRF) does not consider this change sufficient.

According to them, this reduction represents only a small part of the current average commission rate of 2.35 percent. The agreement aimed at resolving this dispute, ongoing since 2005, is now awaiting approval by a federal judge.

Overall, this change may have a somewhat positive impact on the retail market, but there are still issues awaiting resolution.