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    0 Replies Latest reply on Apr 30, 2010 12:34 PM by amspcs

    Visa and MasterCard announce rate increases

    amspcs Ranger
      Visa and Mastercard have announced a series of thankfully very minor (for most small business merchants) processing rate and fee increases effective April and July 2010 respectively. These increases involve assessments and some Visa Check Card rates.
      Full details on our blog post at*

      It is very important for merchants to understand that these adjustments that come from the very top (Visa and MasterCard) apply to ALL processors and ALL merchants. The problem is: Whenever adjustments like this are announced, the merchant sales
      scam artists come out of the woodwork urging gullible merchants to fire their processor who just raised their prices, and sign on with them. As stated, this is not the case--Interchange rates and fees from the major bankcard associations Visa and MC apply to ALL processors and therefore to ALL merchants.