19 May Reduction in MasterCard Processing Fees
Merchants will see a nice reduction in MasterCard processing fees beginning in August. The rate rollbacks will affect some of the most popular card types but only when those cards are processed via eCommerce or manually entered transactions. Rates on payments processed through physical terminals will remain the same.
If you’re a credit card accepting merchant and want to be certain that your processor passes along 100% of these rebates, it’s best to double check with a trusted account manager. These reductions come along with some regularity and it’s an unfortunately common practice for some processors to pass along only partial discounts. #mastercard #savings #interchange
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