Visa & Mastercard’s Interchange Shuffle: How Will Your Costs Change in 2020?

Event Date: 04.14.2020
Contributor:
Alex Ellwood
Alex Ellwood
Categories

Recording available now.

U.S. merchants face some of the highest card payment costs in the world and for many, they are about to rise again. Visa and Mastercard plan to restructure interchange fees in July 2020, with further changes expected in October. As a result, many merchants will see costs rise significantly – while others will actually receive lower fees.

The upcoming changes are extremely complex, with a number of variables and each sector set to be affected differently. So, how can you understand the true impacts to your business and begin preparing for the changes?

In our webinar, hosted exclusively for merchants, our payments experts will tell you everything you need to know about the changes. Taking you through a short history of interchange fees and the Merchant Service Charge; the sector-specific changes we expect to see in July; and the further changes expected in October 2020, we’ll deliver practical tips to prepare for the future and mitigate cost increases through optimization.

 

This session is suitable for merchant finance and payments professionals looking to take control of their payments costs and protect their business from the continuously rising fees we see in the U.S.

Alex Ellwood - VP of Merchant Advocacy

 Questions We Answered In The Webinar

  • What is interchange?
  • How has the overall Merchant Service Charge evolved in recent years?
  • What is changing; how; and when?
  • How will different sectors be impacted?
  • How can merchants prepare for the changes?

Sectors in the Spotlight

  • Grocery
  • General Retail
  • Restaurants
  • Fuel
  • Non-Retail, such as Travel & Hospitality
Request The Webinar Recording Now