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Just read in the article that the fed lowered maximum interchange fees. Has this translated to lower fees from payment processors for anyone?
by learc83 15y ago
Just read in the article that the fed lowered maximum interchange fees. Has this translated to lower fees from payment processors for anyone?
- dangrossman 15y agoIt will for me since my account is priced in terms of "interchange + x%". Whenever interchange changes so do my fees. From what I've read so far, this will actually lead to an increase in my fees beginning in October, not a decrease. Visa will raise the interchange to the new maximum federally allowed value for some card types where they were previously charging less than this.