Covid-19 Shopping Makes Card Fees a Bigger Burden for Merchants

Visa Inc. V -2.59% and Mastercard Inc. MA -3.47% are planning to raise swipe fees for some types of credit-card purchases in April, adding to the squeeze felt by restaurants, retailers and other merchants already struggling through the Covid-19 pandemic. What’s more, customers’ switch to online shopping during the pandemic—a trend heralded for keeping businesses afloat when people are reluctant to venture inside stores—is also creating extra costs for merchants.
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