In this article, we’ll look at some of the alternatives to PayPal, which do exactly the same thing but at a much cheaper price.
Another January and yet another card processing fee increase from the acquirers. Why this time? Simply put, because their card scheme fees are going up.
Visa has reduced interchange on UK consumer debit cards by 1p and will remove the additional non-secure fee of 10p per transaction on some transactions.
Card processing fees certainly had their ups and downs in 2015 and we had expected 2016 to be relatively quiet. Not so.
Christmas should be season of goodwill to all, so why are merchant acquirers acting like Scrooge at Christmas? WorldPay has become the latest merchant acquirer to fail to pass on the full 0.5% EU reduction in consumer credit card interchange to its customers.
Global Payments has now written to merchants advising of new pricing starting 1 January 2016. Many observers and merchants had expected material fee reductions in light of the EU’s new interchange cap legislation effective 9 December 2015. What we are seeing … Continued
For the last 12 months we’ve been highlighting the extensive changes happening in interchange regulation and how this would give rise to changes in the costs you pay to accept cards and great opportunities to save money by shopping around.