Visa to charge new location fee
While Interchange fees are scheduled to move lower in October, this new Visa fee (like other Visa fees charged to acquirers) will be pass through to merchants in one form or another. Given this fact, the idea is that the more Visa transactions a merchant accepts, the lower this new fixed location fee becomes on a per transaction basis.
Now that the final Fed rules give merchants control over the routing of transactions, Visa hopes that this … more