Visa and Mastercard are Raising Fees for Merchants
Article by Jonathan Bomser | TouchSuite.com In a strategic move set to reverberate across the payment processing landscape, industry giants Visa and Mastercard are primed to introduce a wave of fee hikes that directly affect merchants engaged in online credit card processing . With these substantial changes slated to roll out in the forthcoming months of October and April, the payment ecosystem is bracing for transformation. Citing reliable sources and an industry document highlighted by The Wall Street Journal, it's anticipated that these shifts could inflate merchants' yearly expenditures by a staggering $502 million. These projections, offered by CMSPI, a consulting firm specializing in financial analysis for businesses, underscore the potential financial ripple effects of these adjustments. Given these imminent changes, businesses are well-advised to explore affordable point of sale solutions and E-commerce gateway solutions that can acclimate to the potential shifts in m...