We’re all familiar with the semiannual rate adjustments from MasterCard and Visa.The most recent round went into effect on April 4th, so if you see a bump on your April statement, you’ll understand why.
What does this mean to you?
If you’re on a pass-through plus merchant processing arrangement, such as the NSRA plan with Chase, your rates will increase, but only by the amount of the MasterCard and Visa interchange increases, which even your processor can’t control.
If, however, you process under a “bundled rate,” be careful that the processor is only passing through the MasterCard and Visa interchange, and not taking that opportunity to tag on a little extra for themselves without saying so.
Read the entire article here.