Our apology for a typo in our recent Merchant Rates News Alert mailing

If you receive Merchant Rates News, you may have read where Visa is increasing its Acquiring Processing Fee. We would like to fix a typo. Visa will increase the rate in July, not June as previously stated. Our sincere apology for this typo. We have corrected the notice below. We are sorry for any confusion or inconvenience this may have caused and we appreciate your understanding. Should you have any questions, feel free to contact us.

What are you really paying to accept card payments?

Is it better or worst than what others in your industry are paying?

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With all the new April and July rate changes recently introduced, now is a great time to evaluate your merchant services. We hope you find this to be a valuable resource.

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Interchange & Access Fee changes

While minor adjustments have been made to the Interchange fees that issuing banks earn; the real story this spring are changes to fees earned by MasterCard and Visa. Beginning in April 2009, MasterCard will increase its Acquirer Access Fee for processing by 270% by raising this per transaction fee from $0.005 to $0.0185. In July 2009, Visa will follow suit by increasing its Acquiring Processing Fee 290% from $0.005 to $0.0195.

The MasterCard Acquirer Access Fee and theVisa Acquiring Processing Fee are set and paid to these publicly traded card companies. Merchants should be aware of these changes. Merchants with small tickets will experience a greater impact from these changes.

Get an updated Merchant Rates direct Interchange & Assessment pass-through quote now.