Visa and Mastercard Plan to Raise Credit Card Fees – WSJ

Global payment systems Visa and Mastercard plans to increase the commission that many merchants pay when accepting their customers’ credit cards, Wall Street Journal.

According to the report, which cites people familiar with the matter and documents seen by the WSJ, the fee increase is expected to result in start in October and April.

According to the WSJ, many downloads will apply to online purchases.

Visa and Mastercard did not immediately respond to requests for Reuters make comments.

The exchange fee is the fee that the merchant pays the card issuing bank every time the consumer uses the card. Increasing fees paid by merchants to card issuers transferred to consumerspreviously noted by regulators.

Promotions Mastercard they rose by 1.21%, while those of Visa grew by 0.79%.

Reuters

Source: Aristegui Noticias

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