IMO, If surcharging really takes off, I think it will make Visa and MasterCard more accountable for their rate increase or at least think twice about it. I say this because with surcharging the merchants will pass the…
Rumor has it that Opt Blue Wholesale rates are going up by 10 pts in a few months
Good post!
I don't know if its true or not but heard that Costco with this new deal with Visa is only paying a flat 40bps in interchange cost. Now that's a deal!!
IMHO, the Card Brands are an Oligopoly Industry so they have pricing power and therefore raise prices because they can. Add on the fact they are public companies with their investors ( your list) hounding them for…
All processors ( FDC, Worldpay, Global Payments etc) are required to report credit card sales for each of their customers through 1099 reporting , This reporting is done on what is called a MID ( Merchant…
IMO, If surcharging really takes off, I think it will make Visa and MasterCard more accountable for their rate increase or at least think twice about it. I say this because with surcharging the merchants will pass the…
Rumor has it that Opt Blue Wholesale rates are going up by 10 pts in a few months
Good post!
I don't know if its true or not but heard that Costco with this new deal with Visa is only paying a flat 40bps in interchange cost. Now that's a deal!!
IMHO, the Card Brands are an Oligopoly Industry so they have pricing power and therefore raise prices because they can. Add on the fact they are public companies with their investors ( your list) hounding them for…
All processors ( FDC, Worldpay, Global Payments etc) are required to report credit card sales for each of their customers through 1099 reporting , This reporting is done on what is called a MID ( Merchant…