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Merchants welcome delay in ‘swipe fee’ increase

Merchants welcome delay in ‘swipe fee’ increase

WASHINGTON — Citing the continuing effects of the coronavirus pandemic on businesses, Visa Inc. and Mastercard Inc. said they will hold off on increasing interchange fees for merchants until next April. The move was applauded by the Merchants Payments Coalition (MPC), which represents supermarkets, retail pharmacies, convenience stores, gasoline stations, online merchants and others in