Month: February 2020

Major Changes in Interchange Credit Card Rates coming April 2020

Major Changes in Interchange Credit Card Rates coming April 2020

Card present businesses that use mostly qualified rates will benefit, while online businesses will see up to 40pts increase in credit card processing cost. According to the latest announcements by card brands, VISA has simplified their rate structure, increasing non-qualified rates while decreasing some card present qualified rates.  Timed to the sweeping credit card rate […]

Big Changes in VISA Interchange Fees

Big Changes in VISA Interchange Fees

Visa to increase Card Not Present Fees by up to 5%, while reducing Swipe fees up to 33% for large retailers. VISA is increasing Card-Not-Present eCommerce Fees between 4% for premium cards to 4.7% for traditional VISA Cards (between 4c and 5c on a dollar), while dropping Swipe Fees by a similar amount to attract […]

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