[panarky]

> It took a 20 year antitrust lawsuit to bring a 2% fee down to 1.96% for 3 years?

It's worse than that.

See: https://www.creditslips.org/creditslips/2024/03/the-proposed...

"When the litigation began in 2005, average interchange fees were 1.75%. After the settlement, they will be at 2.19%"

"Credit card interchange fees after the settlement will be 25% higher than when the litigation began."

"When the litigation began in 2005, American merchants paid the highest interchange fees in the developed world. After the settlement, American merchants will still pay the highest interchange fees in the developed world."