Payment Systems Regulator Crossborders and Interchange Fees

Another 2 great reads landing, namely the latest Payment Systems Regulator market reports focusing on card fees are out!

Worth a read as one looks at #cardschemes and #processingfees and the other one looks at the #interchangefees on #crossborderpayments, with a focus on Visa and Mastercard schemes who account for 99% of debit and credit card payments in the UK.

These reviews are being carried out because the scheme fees and subsequently the acquiring fees have continued to increase since 2014, whilst cross-border interchange fees between the UK and the EEA for certain transactions (online/ecommerce) have increased five-fold.... 🤷‍♀️

Mid markets merchants seemingly suffering the most from those pricing hikes and lack of visibility on the fees 🤯!