Financial · Card Economics

A proposed rule change is not a pricing policy.

Low-ticket, frequent transactions make card acceptance details visible quickly in parking. But interchange, processor pricing, network rules, state law, guest disclosure, and a proposed antitrust settlement are different layers. Treating them as one “card fee” produces bad decisions.

Status as of April 4, 2026

The November 2025 Visa and Mastercard settlement was proposed, not effective.

The parties' filed settlement description states that the agreement was subject to court approval. As of this article's publication date, operators should not implement proposed card-tier acceptance or surcharge changes as though approval or an effective date had occurred. Confirm current network rules, processor requirements, applicable law, and later court status with qualified advisors.

Separate the layers

Know which number and rule you are discussing

01

A transaction has more than one payment cost

Interchange

Issuer-side economics

A network schedule can vary by card, transaction, merchant, and qualification; it is not necessarily the rate on the processor statement.

Network

Assessment and rule layer

Visa and Mastercard rules govern acceptance and surcharging alongside fees charged through the acquiring chain.

Processor

Merchant pricing

Flat, bundled, pass-through, gateway, statement, and other contracted charges determine what the operator actually pays.

Loss

Refund and dispute economics

Refunded fees, disputes, fraud, and operational handling can matter more than a small difference in headline rate.

02

Understand what the proposal tries to change

Current decision

Use today's rules
  • Follow processor and network requirements now in force
  • Check state and local surcharge restrictions
  • Disclose the guest's total clearly

Proposed flexibility

Await status
  • Changes to acceptance by card category
  • Changes to surcharge flexibility
  • Temporary interchange-rate relief

The proposal may affect future choices, but a pending term is not an operating permission.

For operators, the practical work is a tender-level contribution model. Start with the displayed parking price, then show taxes, guest-facing fee if lawful and chosen, payment processing, refunds, disputes, validation reimbursement, and the net amount reaching the operating entity. Keep employee tips separate from operating revenue.

Surcharging is not merely a way to “recover fees.” It changes the guest price at the moment of payment, can require notices and receipt detail, may be restricted by jurisdiction or card type, and can move customers toward cash or another tender that has its own costs. Compare the whole workflow and guest promise before choosing.

Revisit the settlement only when a court order, network implementation, processor guidance, and applicable law create an effective rule the operation can actually follow. Until then, model it as a scenario rather than a capability.

Keep reading.

FinancialPayments

Cash Reconciliation: The Nightly Ritual That Should Take Five Minutes

Cash represented 14% of U.S. consumer payments in the Fed's 2025 data. Build a compact control around the cash you actually accept without making the whole operation cash-first.

Aug 13, 2026 · 7 min readRead
FinancialPayments

The Real Cost of Paper Tickets

The roll of tickets costs a few cents. The workflow around it costs you a fortune. Here's the full bill for the paper stub - the part that doesn't show up on the invoice.

May 7, 2026 · 5 min readRead
FinancialPayments

The Hidden Cost of Cash Payments

Cash feels free - no processing fees, no statements. But cash in a valet operation carries costs that never show up on a ledger: lost tips, slow lines, no record, and real risk. Here's the real bill.

Mar 16, 2026 · 5 min readRead

When reading is not enough

See it on your drive.

Twenty minutes on your own property, with your own volumes. We would rather show you the parts an article can only describe.

or keep reading the journal