Visa, Mastercard mull increasing fees for processing transactions: WSJ

Re:Visa, Mastercard mull increasing fees for processing tran... by joshe on Friday February 15, 2019 @12:14PM (#19172656)

Raising rates from 2.5% is a pretty great indicator of monopoly power, and a good target for startup disruption.

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Re:Visa, Mastercard mull increasing fees for processing tran... by CardFellow on Friday February 15, 2019 @04:59PM (#19175101)

Visa / MC rates aren't 2.5%.

There are multiple components to the final rate that a business pays, with the bulk of it being interchange, which goes to the banks that issue cards. Visa/MC only get assessments and dues, which are significantly smaller. (Visa's volume assessment is 0.13%, for example.)

We need to know which fees they're raising, and by how much, to know what sort of impact this will have.

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