A BIG change to both Visa and Mastercard fees could save shoppers money. The two payment processing businesses could soon face a cap on their cross-border interchange fees . 1 The cross-border or interchange fees have risen rapidly since October 2021 Credit: Getty It comes after Britain's payment watchdog raised concerns they have hiked charges to "an unduly high level". It comes after cross-border fees increased from 0.2% to 1.15% for debit cards and 0.3% to 1.5% for credit card transactions last year. On a credit card payment worth £100, the fee would rise from £1.20 to £1.50, while for debit cards it would go up from 20p to £1…
