Visa Interchange Fee Changes: What Businesses Need to Know
With the pending pricing increase, we urge all business owners and leaders to read our blog to avoid paying more than you need.
What Are Interchange Fees?
Interchange fees are the underlying costs applied to every card transaction. They’re set by card schemes like Visa and paid by your acquiring bank to the card issuer. While these fees are largely invisible to customers, they directly impact your business’s card processing costs.
What’s Changing and Why?
Visa has announced increases to interchange fees on several commercial card types, including:
- Visa Business
- Visa Purchasing
- Visa Commercial Cards
- Visa Business Debit Cards
These changes mean higher costs for businesses accepting these cards with some fees more than doubling. The adjustments reflect broader market trends and regulatory considerations, but for merchants, the bottom line is clear: processing costs are going up.
Impact on Profits
For businesses that rely on card payments, even small percentage increases can translate into significant annual costs. If left unchecked, these changes could erode margins and affect profitability.
How We Can Help
acceptcards®, the UK’s largest independent payments broker, specialises in reviewing card processing arrangements. They work with the whole UK market to provide bespoke solutions that have already helped members save on average Save 40% by identifying inefficiencies, negotiating better terms and introducing alternative payment solutions such as Open Banking.
Their expertise ensures you’re not paying more than necessary, even as interchange fees rise.
Take Positive Action to Avoid This Negative
Don’t wait for these changes to impact your bottom line. Book a free consultation with acceptcards® today and discover how much you could save.
