June 24, 2025|
AI
|5 months agoSwiss Price Watchdog Secures Lower Card Payment Fees for Small Businesses
Agreement with Worldline to reduce transaction fees expected to save Swiss retailers CHF10-15 million annually, particularly benefiting small shops and restaurants
AI
Generated IllustrationKey Takeaways
AI
- A new agreement between the Swiss Price Watchdog and Worldline will reduce card payment fees for small businesses.
- The agreement is valid until September 30, 2027.
- Worldline is the dominant payment processor in Switzerland.
- The Swiss government is tasked with creating a legal basis for fee transparency.
By The Numbers
CHF 10-15 million
Estimated annual savings
2027
Expiration year
They Said
"According to the price watchdog, the aim was to reduce the fees for small-value transactions, which are mainly incurred in small shops such as kiosks, bakeries and small grocery shops."