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January 8, 2019

Visa and MasterCard rob Peter to pay Paul

In the spirit of profitability, Visa and MasterCard are coming for you. The networks have suffered two significant blows, so they need to generate new profits. First was the concession to cap fees in the EU. Secondly, the Anti-Trust Settlement is moving forward, ┬ámeaning they will be shelling out a lot of money. ┬áMark your calendars for April 1. That is the day card network pricing increases go into effect. How much…who knows? If you haven’t reviewed your pricing structure recently, now’s the time. Network fees are non-negotiable, so optimizing your processing fees becomes even more important.

Here’s the scoop:

https://www.reuters.com/article/paymentprocessors-fees/visa-mastercard-mull-increasing-fees-for-processing-transactions-wsj-idUSL3N20A3RZ

 

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