US EditionRetailers urge European Commission to crack down on Visa, MasterCard
- On May 13, 2025, leading European retailers and online platforms formally urged the European Commission to regulate Visa and Mastercard’s high fees within the euro zone.
- The request followed a 33.9% rise in International Card Schemes fees from 2018 to 2022 without apparent service improvements or regulatory oversight.
- Retailers condemned the fees as excessive and opaque, noting Visa and Mastercard control about two-thirds of euro zone card payments and have increased fees without competitive challenge.
- Visa justified its fees by highlighting their strong security measures, effective fraud control, and reliable operational performance, while the EU is considering introducing a digital euro to decrease its reliance on American payment service providers.
- The Commission’s response may include antitrust investigations and new regulatory tools to enhance transparency, fee controls, and oversight of payment scheme fees.
11 Articles
11 Articles
Companies ask the European Commission to take action against Visa and Mastercard
In the face of a clear field of the European market for payment cards, ticketers and online sales companies, the European Commission has urged the European Commission to control the highly high rates taken by Visa and Mastercard....
European Retail Giants Push Back Against Visa and Mastercard Fees
European Retail Giants Push Back Against Visa and Mastercard Fees Leading European retailers and online companies have issued a call for the European Commission to regulate what they describe as excessive fees levied by Visa and Mastercard. They argue that these fees, described as opaque, are damaging the competitiveness of the euro zone's card payment market and stifling innovation among rivals.As Visa and Mastercard dominate payment card proce…
Retailers urge European Commission to crack down on Visa, MasterCard
BRUSSELS :Europe's largest retailers and online retail giants have urged the European Commission to rein in allegedly high fees charged by Visa and Mastercard, saying they hurt the bloc's competitiveness and hamper rivals.Visa and Mastercard dominate the market for payment cards and have in recent years faced
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