Important Announcement: Updated Merchant Applications
Sunday, October, 13th, 2013 at 2:40 pm by Jenna DeBruler
Categories: Blog Tags: High Risk Merchant Account, High Risk Merchant Accounts, New Merchant Fees, Online Merchant Account, Online Payment Gateway, Updated Merchant Applications
Credit card associations, such as MasterCard, and Discover, are enforcing new fees effective this month (October 2013). Depending on who your credit card processor is, you may see this as a new line item on your statements (example below), OR it may already be built into your rates- consequently causing a rate increase. · Discover Network Authorization Fee – assessed at $0.0025 per Discover transaction · CVC2 MasterCard Fee – assessed at $0.0025 per MasterCard [Read More...]
