When you pay with plastic, merchants have to pay up to banks. Soon, some small businesses could have to pay more.
Many small businesses could have another thing to worry about when they come out of a coronavirus coma: higher credit-card fees.
Visa Inc. and Mastercard Inc. had planned to raise swipe fees on many merchants this year, and the changes in some cases would be hardest on small businesses, according to people familiar with the situation. It is unclear if the fee changes, in the works for months, will be rolled out if the pandemic persists.
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