Mastercard and Visa do not plan to increase commission for card in Azerbaijan

News & Updates

American companies rendering financial services, Mastercard and Visa, stated that reports that they plan to increase the commission for credit cards in the U.S. are not true. reports that Mastercard said in a statement that the news about credit card fees published last week in The Wall Street Journal was incorrect.

“Mastercard is not raising clearing fees in the U.S. this fall and has no plans to do so,” the statement says.

In addition, the company’s statement notes that the network fees required for Mastercard transactions in the U.S. will not be increased.

Visa’s statement also says that press reports on this topic do not correspond to reality.

The statement emphasizes that, despite the growth in the use of Visa cards, over the past decade, the total clearing fees for Visa transactions have been in a fixed segment.

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