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.
Are the recent fee increases from Paymentsense a breach of their Capped Rates Price Guarantee? It certainly looks that way!
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 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
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 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
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
2015 is set to be the most volatile year to date for card processing fees, the year that the EU cap on interchange fee takes affect in the UK.
