View Full Version : Visa and MasterCard rate change (US Only)

04-03-2005, 07:22 PM
As of April 1st Visa and MasterCard implemented some rate changes. The odds are your rates are going up. How much depends on your provider. The average seems to be .04%/.05% based on the changes all of the banks I have relationships have made although this amount will vary. You should contact your provider and see what their changes are. If it's more it may be justified. You should discuss it further with them to make sure that is the case. If you've signed up recently ask if your processor is going to apply that rate increase to you or not. If so that is pretty unfair as they had notice of it a couple of months ago. It is possible for them to not charge you that increase (essentially they eat the cost).