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Visa leaves per-transaction fee structure and introduces new scheme

July 28, 2011 - 2:45am | News | Plastic cards
Visa leaves per-transaction fee structure and introduces new scheme

Visa Inc announced its plans to introduce new fee scheme for US merchants. In a conference call with analysts Visa Chief Executive Joseph Saunders said the company would introduce a network participation fee in the United States for all of its debit, credit and prepaid card services.

Among other things in the new policy Visa will lower the variable rate charged for transactions.

The move comes in the wake of new fee structure that will take effect later this year under 2010 Dodd-Frank financial reform law.
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Credit card | debit card | fee | prepaid card | transaction | variable rate | Visa
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