Your favorite latte at the local coffee shop could soon cost $5, $5.10 or $5.25—depending on how you pay.
A settlement between Visa, Mastercard and U.S. merchants announced this week could usher in a new era of tiered pricing at the register, giving businesses more power to charge fees depending on the credit card you use. The agreement comes after a two-decade antitrust battle over interchange fees, the charges banks collect from merchants every time a customer pays with plastic.
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