Visa, Mastercard Accused Of Being Cartel In Square Fees Suit

By Melissa Angell (June 16, 2021, 10:39 PM EDT) -- A proposed class of small businesses that use the Square e-commerce payment platform for transactions launched an antitrust suit against Visa and Mastercard on Wednesday, saying the credit card companies acted as a cartel by using their vast market share to keep fees associated with credit and debit card transactions high....

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