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VIDEO'Swipe' Fees Have Mastercard, Visa in Free Fall
A resolution that put swipe fees in the hands of the Fed could just as likely leave the current fees steady or with little change lower.
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The selling is reaching proportions that might be as large and fast as what we saw in the nadirs of 2008 and 2009. I just increased my Visa (V) stake into the teeth of the selling. I think it's fallen too far too fast, for a mega-industry leader.
Moreover, a resolution that put swipe fees in the hands of the Fed could just as likely leave the current fees steady or with little change lower. In fact, comparing card fees to check clearing fees -- might it prove that these fees are too low? Point is, the rate on exchange hadn't changed at all yet while the prices of Visa and Mastercard (MA) are in free fall. The instantaneous assumption that these fees are "too high and unfair" is probably far from a foregone conclusion.
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