Interchange Update, October 2023
Card brands are going to update their interchange and card brand fees and we’ll go over some of the important takeaways here.
Visa’s New Interchange Fee and Your Bottom Line: What Do You Need to Know?
Visa's forthcoming interchange rate revamp aims to benefit small-ticket merchants by rescaling fees, but presents complexities for businesses by considering factors like card brand, transaction size, and merchant vertical. Business are urged to understand these intricacies to optimize their pricing strategy and bottom line.