Archives

• Visa to charge new location fee

  July 28, 2011

  Visa introduces a new pricing model, but provides only limited details. As reported in the International Business Times, Visa will be implementing a new fee called a “Network Participation Fee” that will apparently be a fixed site fee billed according to number of merchant locations accepting any U.S. Visa debit, credit, or prepaid card.

  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

• Resilient checks fail to become extinct

  • Payment Industry

  July 27, 2011

  The UK has reversed its Vote to Abolish Check Clearing. In a testament to the power of the payment properties of checks, the UK Payments Council has decided to keep checks and cancel its 2018 target end date. Instead the UK Payments Council has decided to focus on payment innovations, reassuring customers that the check is staying.

  The biggest innovation coming soon to the paper check is the digital check. Keeping all the benefits of its paper form except the piece of paper, we expect the digital check will usher in big changes in the payments industry. more

• Merchant rates for debit acceptance to fall in October

  July 19, 2011

  The countdown to lower debit Interchange is on with only 11 short weeks remaining. The most important thing merchants can do now is switch to an Interchange plus pricing plan. Take a look at your current merchant statement. If you have a “qualified” rate or “non-qualified” transaction fees its time to act. No matter the size of your business or the industry you are in, it's easy to start processing on an Interchange pass through pricing plan by visiting MerchantRates.com.

  October Debit Interchange Savings

  Here we take a look at the current Visa and MasterCard charges for the processing of debit cards for retail, restaurant and ecommerce merchant categories to project possible savings for a range of transaction sizes from $10 to $75.

  For example a merchant … more

by Ty Hardison

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