These fees apply, for example, when an American tourist uses a Mastercard or Visa card to pay for a restaurant in Belgium.
The acquirer bank passes it on to a retailer who integrates it as well as other costs into the final price charged to all consumers, including those who do not.
The cut along with the decision taken last January to cross-border Mastercard payments will lead to lower prices for European retailers, which will ultimately benefit all consumers, said Commissioner Margrethe Vestager on Monday's competition policy.
The Commission is the first competition authority in the world to intervene in such commissions, he notes.
In particular, EU officials were concerned that these charges would lead to an increase in the prices of European retailers that would distort competition and consequently increase prices of consumer goods and services in the European Economic Area (EEA).
Commitments that will last for five years and six months relate to "interregional interchange fees" that apply to payments made by Mastercard, Maestro, Visa, Visa Electron and V-PAY credit and debit cards. ,
Since December 2007, the Commission has set a ceiling on interchange fees for 12 years. Three months ago, Mastercard fined EUR 570 million for limiting the ability of traders to benefit from better conditions offered by banks established elsewhere in the single market, which is contrary to competition rules. EU.