Retailers Hit Visa With Another UK Swipe Fees Suit

Law360, London (March 20, 2019, 7:24 PM GMT) -- More than a dozen merchants, including Virgin's gym branches and cosmetics giant Avon, have sued Visa in London, joining a list of companies accusing the credit card company of charging excessive swipe fees in violation of U.K. and European Union competition law.

Visa Inc. is accused by more than a dozen companies of overcharging merchant service charges on credit and debit card transactions, according to a filing this month at the High Court. (AP) The companies, including Scottish car dealer Peter Vardy Holdings Ltd. and firms behind main street pubs and restaurants, have accused Visa Inc. of overcharging merchant service charges...

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