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Mastercard to raise Fees

We brought you the news that VISA and Mastercard had settled last week on a $30 Billion lawsuit brought on by merchants, but days after the settlement, Mastercard announced its plan to raise  their network assessment fee on April 15th. Visa and Mastercard have raised or created new fees many times since 2011 making credit card processing costs one the biggest expense for small businesses. Competition may bring about changes to processing fees and the industry overall, but one thing is for sure, whenever and however they can, credit card companies will continue to find ways to profit from small businesses.

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