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.
Theres some interesting UK card processing stories in the news which could be of benefit to UK SME card accepting businesses so we thought we’d maybe start posting a regular round up and our thoughts.
Last week saw WorldPay publish its first annual results as a public company. As WorldPay is the only public “standalone” acquirer/processor in the UK market, these results offer a great insight into what is happening in the UK market, particularly in pricing.
Chargebacks are a serious concern for merchants trading online and result in millions in lost revenue in the UK every year. Here’s how you can prevent them.
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