Visa, Mastercard Prepare to Raise Credit-Card Fees - WSJ

U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012, according to the Nilson Report. They pass along at least some of these costs to the consumer in the form of higher prices.

The misery index must be going through the roof.