Honor All Cards Explained: Visa & Mastercard Settlement Breakdown for Payment Professionals | PEP099

Honor All Cards Explained: Visa & Mastercard Settlement Breakdown for Payment Professionals | PEP099

From The Payments Experts Podcast by Expert Payments Attorneys of Global Legal Law Firm

February 18, 2026 · 38 min · Episode 99

About this episode

This episode unpacks the Visa-Mastercard settlement and the implications of the honor all cards rule for payment professionals.

Merchants are told they have “choices.” But do they? We unpack the Visa–Mastercard settlement, the honor all cards rule, and why surcharging still trips up pros. Listen now and tell us: does this help small businesses or not? What happens when the rules that govern card acceptance start shifting under your feet? In this episode, we break down one of the most misunderstood and potentially far-reaching developments in payments: the evolving “Honor All Cards” framework and the broader interchan...

Topics covered

  • Visa-Mastercard settlement
  • honor all cards rule
  • surcharging
  • payment professionals
  • small businesses
  • card acceptance

Keywords

  • Visa
  • Mastercard
  • settlement
  • honor all cards
  • surcharging
  • payment processing
  • small business
  • card acceptance

Mentioned in this episode

Organizations: Visa, Mastercard, Global Legal Law Firm

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