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CMSPI Responds to the UK PSR’s Card Fee Reviews

In June 2022, the UK’s Payment Systems Regulator announced two reviews into card fees: one addressing scheme fees, and one focused on the recent increases to cross-border interchange.

CMSPI’s consultation responses draw attention to the £500 million+ in additional annual costs we estimate UK retailers now pay due to card fee changes since 2015, as well as the difficulty of accurately auditing scheme fees for even the world’s largest merchants

CMSPI PSR Consultation Response: Cross-Border Interchange Fees

CMSPI PSR Consultation Response: Scheme Fees