Visa, Mastercard Agree to Lower Swipe Fees in Settlement

Visa and Mastercard agree to $30 billion settlement that will lower
merchant fees

Two of the world's largest credit card networks, Visa and Mastercard,
as well as the banks that issue cards with them, agreed to settle a
decades-long antitrust case brought upon by merchants.

The settlement is set to lower swipe fees merchants pay when customers
make purchases using their Visa or Mastercard by $30 billion over five
years, according to a press release announcing the settlement Tuesday
morning.

https://www.cnn.com/2024/03/26/economy/visa-mastercard-swipe-fee-settlement/index.html

As more/more customers used Visa/MC, their infrastructure cost did not
rise in sync with this added demand.

Analogously, cellphone paradigm, very expensive in earlier days, but
plan prices dropped/dropped with time as more customers came onboard.