A settlement between Visa and Mastercard means businesses could charge different fees for different cards. What to know

If you have tapped to pay with a credit card, you’ve likely noticed that some merchants add a small fee for paying with credit instead of debit or cash. But what if the fee you paid depended on exactly what brand of credit card you had in your wallet? That’s a scenario consumers may face after a settlement between credit giants Visa and Mastercard and U.S. merchants was recently announced. The settlement has not been approved by the courts, and according to a Wall Street Journal report, it will likely be ...