EU probes Visa’s and Mastercard’s cost transparency, adding to regulatory troubles

The news: The European Commission (EC) is reportedly investigating Visa and Mastercard regarding the fees that they charge merchants, per Reuters.

  • The EC sent questionnaires about the payment networks to retailers and payment service providers.
  • The questions concerned the networks introducing, deleting, and raising fees.

These types of questionnaires are typically used by the EC to develop an antitrust case.