Understanding Flat Rate Merchant Account Pricing
The flat rate merchant account pricing offers one processing rate for all types of MasterCard and Visa cards, with no mid- and non-qualified fees....
Tag: interchange fees
Low-Cost European Airlines Probed for ‘Rip Off’ Credit Card Charges
A British consumer protection group is accusing European low-cost airlines of illegally charging web customers with excessive payment processing fees....
New Financial Regulations to Cost Credit Card Companies $25B per Year
The effects of the changing regulatory landscape will cost credit card companies 29%, or $25B, of their total yearly retail transaction revenues....
Banks Stand to Lose $12B from Debit Card Fee Reduction
The Fed has ruled to slash debit card interchange fees to $0.12 per transaction, which would cost banks $12B, but is now facing mounting opposition....
Limit on Debit Card Fees to Hurt $40B-a-Year Revenue Stream for Issuers
Card issuers now collect more than $40B a year from interchange fees, which will change when debit card fees are limited at $0.12 per transaction....