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.
Barclaycard has become the latest of the merchant acquirers to increase its fees in 2015. On Tuesday, Barclaycard wrote to merchant services customers advising of fee increases becoming effective on 1 October 2015. We can always tell when merchant acquirers … Continued
Hot on the heels of MasterCard’s announcement, Visa Europe have also announced their long over-due plans to reduce interchange costs on consumer credit cards. These reductions in interchange were brought about following the EU’s long running anti-trust investigation into charges levied … Continued
At the end of last month, MasterCard announced a revision of its plans to reduce interchange costs on consumer credit cards. These planned reductions in interchange were brought about following the EU’s long running anti-trust investigation into charges levied by Visa … Continued
Terminal hire agreements are the most contentious issue for merchants judging by the complaints and calls for help we get.