MarginFollow the money

Sectors · Sector

Card payments

1 breakdown and 1 tracked deal in this sector, compiled from public reporting.

1

Deals tracked

$38B

Disclosed value

0

Sponsors

0

Exits / failures

Disclosed value counts only deals where a figure was made public. Most private equity transactions never are, so treat this as a floor, not a total.

The breakdowns

Oct 31, 2026
How Does Visa Make Money, and Who Really Pays the Hidden Card Fee?
Visa keeps a small network fee on almost every card payment. See how a $100 purchase is split, who pays the $198B in U.S. card fees, and how rules differ abroad.

The deals

2026-06$38B
Visa–Mastercard merchant swipe-fee litigation (settlement)
Legal settlement
AgreedUnited StatesPayments Dive; The Daily Record (June 2026)

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Compiled from public reporting. Not investment advice.