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Visa Will Change PoS Fees to Merchants to Adjust to New Business Categories
Summary: Visa, as part of a major update of its point-of-sale system, is planning to change merchant fee rates for U.S. based merchants, according to Cointelegraph. We can expect an introduction to higher rates for transactions on e-commerce and lower rates for health care, real estate, and education. Premium card holders will see a drop of ...
Visa, as part of a major update of its point-of-sale system, is planning to change merchant fee rates for U.S. based merchants, according to Cointelegraph. We can expect an introduction to higher rates for transactions on e-commerce and lower rates for health care, real estate, and education.
Premium card holders will see a drop of interchange fee of 33% for $50 transactions in large supermarkets. Visa shows a lot of interest towards the fintech sector; in the past the company has bought fintech firm Plaid, participated in $80 million for Currencycloud, and now Binance is allowing users to buy crypto directly through Visa credit and debit cards.
By Claudia Rivera
Tags: Blockchain News,Payments,Transactions,USA,Visa
Link: Visa Will Change PoS Fees to Merchants to Adjust to New Business Categories [Copy]
