| Visa/MasterCard
adjust rate categories and fees annually in April
and sometimes in October. When rates go up, many
merchant acquirers and their agents seize the
opportunity to inflate them even more –
and then deceptively blame the increase on Visa/MasterCard.
Fee markups like these are
only a fraction of the increases some acquirers
and their middlemen arbitrarily impose. Unlike
large merchants who have the resources to identify
– and, therefore eliminate them –
small and mid-sized businesses fall prey to paying
them. Once they recognize these additional markups,
they, too, can reap the savings.
Small and mid-sized
merchants have the right to know the markups added
to rate increases. |
