Visa, Mastercard mull increasing fees for processing transactions: WSJ

Re:Visa, Mastercard mull increasing fees for processing tran... by altmind on Friday February 15, 2019 @12:42PM (#19172918)

while its true for amex, i dont think discover fees are any higher than visa/mc.

square lists discover fee 1.56% – 2.3% and visa fee at 1.43% – 2.4%.

of course, fees are negotiable and much less for the physical retail. durbin amendment sets the limit on /debit/ fees at 0.05%+$0.21

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Re:Visa, Mastercard mull increasing fees for processing tran... by kec on Friday February 15, 2019 @01:07PM (#19173161)

It's been a while (~10 years) since I've had to deal with credit processing, but at least back then, discovers terms were pretty abusive for small businesses. In any month where we processed 1 or more discover transactions we had to pay a minimum fee of (iirc) $50. Given how relatively unpopular discover is the risk was just too high.

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Re:Visa, Mastercard mull increasing fees for processing tran... by sjjshvuiajhz on Friday February 15, 2019 @01:48PM (#19173566)

Wow, sounds like a clearly anti-growth policy. I wonder if they have some expensive accounting in the backend or something.

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