Visa, Mastercard mull increasing fees for processing transactions: WSJ

Re:Visa, Mastercard mull increasing fees for processing tran... by Wowfunhappy on Friday February 15, 2019 @11:26PM (#19177062)

I was under the impression that was factored into the 2–3%. Not true?

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Re:Visa, Mastercard mull increasing fees for processing tran... by chrischen on Saturday February 16, 2019 @10:36AM (#19179033)

Merchants are usually liable for fraud losses (both the loss in good or services + a fee imposed by the bank for the privilege...). This is on top of the transaction costs. Those transaction costs do not cover fraud liability or losses.

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