Feb 10, 2014, 11:02 AM EDT
Baseball is a business just like any other. And just like many other businesses — millions of them, in fact — baseball teams feel like the credit card companies hold them hostage by imposing fees every time a customer swipes their card. The Twins feel like Visa and Mastercard have gone too far in this regard:
The Minnesota Twins hit Visa Inc. and MasterCard Inc. with an antitrust suit in New York federal court Friday accusing the credit card companies of monopolizing the market by fixing swipe fees, less than two months after a landmark $7.25 billion settlement over similar claims.
The new suit, filed by Minnesota Twins LLC and a group of Minnesota retailers, alleges that the credit card giants colluded with banks that carried their credit cards to keep swipe fees high and to keep information about those fees from consumers. Visa and MasterCard also prevented retailers from incentivizing customers to use cards with lower fees, according to the complaint.
This sort of arrangement was recently the subject of one of the largest class action settlements in history. Now baseball teams are getting in on it too.
If they’re not successful, look for hastily-created “cash only” signs written in magic marker on torn cardboard at a ticket window near you.
- George Springer placed on 7-day concussion disabled list 0
- Video: Joey Votto ejected, bumps umpire 18
- Carlos Rodon to make first MLB start Saturday 1
- Bryce Harper’s underrated day: Three at-bats, three homers 42
- Tigers, doctors clear Justin Verlander to resume throwing 12
- Brook Jacoby and umpire Doug Eddings were in a “loud, obscenity-laced, nose-to-nose exchange” 57
- And That Happened: Tuesday’s scores and highlights 143
- Devin Mesoraco could need hip surgery 11
- And That Happened: Tuesday’s scores and highlights (143)
- Torii Hunter doesn’t care what Floyd Mayweather has done outside of the boxing ring (140)
- Some anti-DH counterpoints (102)
- Alex Rodriguez hits a pinch-hit home run to tie Willie Mays at 660 home runs (96)
- And That Happened: Sunday’s scores and highlights (95)