Visa to Cut Consumer Credit Fees for U.S. Small Businesses by 10% – Document

Reuters

“Visa Inc (V.N) will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a document seen by Reuters on Thursday. Visa, the world’s largest payment processor, is reducing interchange rates for both online and in-person consumer credit transactions for 90% of U.S. businesses, the document showed.”