The Fintech Times

JANUARY 28, 2025

We hope Mastercard and Visa will stop punishing charities who accept commercial card payments by removing these onerous fees.” ” Since 2015, UK law has capped the level of MIFs at 0.3 per cent on consumer credit transactions, and 0.3 per cent for consumer credit card transactions.

Visa 59

Visa Commercial Card Caps Laws 59

Fintech News

SEPTEMBER 17, 2024

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges. The move led to a notable decrease in the cost of acceptance for merchants.

APACS 109

APACS Regulations Caps Real Time Payments 109

EBizCharge

JULY 25, 2024

Looking for a Printable credit card fee sign ? Download PDF × With the prevalence of credit card use in 2024 comes the often-overlooked detail of physical credit card surcharge signs, which provide transparency of the fees merchants charge their customers to use credit card payments to purchase.

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

Fintech Finance

DECEMBER 13, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

Neopay

DECEMBER 18, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border 52

Cross-Border Caps Regulations Visa 52

Electronic Payments Coalition

MARCH 26, 2024

merchants, more than 90 percent of which are small businesses, lowering credit interchange rates and capping those rates into 2030. The settlement will reduce credit interchange rates for U.S. credit card interchange rates for at least a five-year period as part of a legal settlement with merchants.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

Stax

SEPTEMBER 17, 2024

ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs. High-value ACH transactions might also attract percentage-based processing fees with some processors.

Wire Transfer 88

Wire Transfer Wires Wire ACH 88