It matters because interchange is your acquiring bank’s biggest cost and will be passed onto you through your transaction charges, otherwise known as your merchant service charge (“MSC”) . It is payable by
PCI DSS’s full name is Payment Card Industry Data Security Standard. It is intended to enhance payment account data security by reducing the risk of loss, theft or misuse of cardholder data.
Despite our choice of photo…….chargebacks are not to be confused with refunds or cashback!
In this blog, I’ll outline several additional charges and let you know what you should be keeping an eye out for.
We often get asked how difficult it is to switch card processing supplier ? Despite what your current supplier might tell you, it is very easy :
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