Visa announces 0.5% reductions in credit card rates

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

MasterCard accelerates its 0.5% credit card rate reductions

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

New customers get lower merchant fees

We’ve always said that businesses who switch to a new merchant acquirer get lower merchant fees than loyal customers who stay with the same acquirer for years.  Most businesses probably accept that concept across a number of business services but … Continued

Interchange Plus pricing – what is it ?

Interchange Plus pricing or Blended pricing ?  These are the 2 options for card acquirers when setting the basis of customers’ pricing.  Is there a material difference? Does it matter to card accepting businesses or is it all just industry “technobabble” … Continued

Latest WorldPay fee increase letters

Merchant reaction, from those we’ve spoken with, to the WorldPay fee increases on Visa debit seems to be one of “outrage” as their costs have increased by significantly more than the interchange increases.  It seems the first of the fee increase … Continued

WorldPay merchant services price increases

WorldPay has recently informed their customers of their latest merchant services price increases.  In a letter/email (click here) they advise customers that the “majority will see an increase in their costs of accepting Visa debit cards”.  WorldPay is the largest merchant services … Continued

Cheaper merchant fees now from Visa

Good news – cheaper merchant fees arising from the EU’s cap on interchange are available from 1 January 2015.  Bad news – not all of the UK acquirers are giving their customers access to these cheaper merchant fees.  Why not … Continued