BAN ON MASTERCARD CROSS-BORDER FEES REMAINS IN PLACE
MasterCard has lost its challenge at Europe's highest court against an EU ban on its cross-border card fees, Reuters announced this week. The European Commission's initial finding against MasterCard in 2007 has been upheld.
What does this mean for merchants?
- Fees for cross-border transactions capped at:
- 0.2 percent for debit cards
- 0.3 percent for credit cards
- Potential for other regulators to cap fees more generally as part of a broader regulatory drive to cut the cost of using payment cards
To ensure the most streamlined, efficient view of your costs for accepting online payment via debit and credit card, Secure Trading now offers a 'one-stop-shop' solution, with online payment processing and merchant card acquiring offered in one.
Our sister company, Secure Trading Financial Services, offers licensed acquiring services across Europe. Contact us today to find out how we could help you.