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EU banks’ card-fee caps won’t change, commission says

By Jack Schickler ( June 29, 2020, 09:52 GMT | Insight) -- Fee caps for EU debit and credit cards should stay as they are, the European Commission has said, in a move that will prompt a sigh of relief from the likes of Visa, Mastercard and major banks. The announcement means that caps on the transaction fees that issuing banks can charge to merchants will remain at 0.2 percent for debit cards and 0.3 percent for credit cards.Fee caps for EU debit and credit cards should stay as they are, the European Commission has said, in a move that will prompt a sigh of relief from the likes of Visa, Mastercard and major banks....

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