More Costly Network Fees Are Coming…
19th October 2018Contributor:
Callum Godwin
Related Tags
CMSPI estimates that network fee increases from Visa, effective in January and April 2019, are set to cost U.S. merchants $570m annually.
January is fast approaching, so merchants must act now to ensure they fully understand the impact these increases will have on their business and operations. If this feels like the same story over and over again, you’re right, but we can’t stress enough the importance of being prepared, understanding what’s to come, and having a plan to mitigate against these increases.
These fees are going to be costly for many merchants across a variety of different industries, especially those accepting international payments. The networks are continually chipping away at any regulatory benefits and it won't be long before Durbin has been completely circumvented.
Callum Godwin | Chief Economist
Get in touch using the button below and speak to our consultants about mitigating the impact of these significant upcoming changes.
You Might Also Be Interested In These...
It’s time to independently audit your processor’s PIN debit routing solution: here are the top five reasons why.
Read More >In this latest edition of Payments Intelligence, we discuss consolidation and some of the biggest deals in payments industry history.
Read More >In our upcoming webinar, we explore five key questions that need to be answered before BAMS’s merchant clients can develop a long-term strategy.
Read More >FIS acquires Worldpay – the combined entity sees a union between two leading payments industry players,
Read More >