Skip to Content

Visa lowers merchant credit fees for small businesses

KVIA

NEW YORK (AP) — Visa says it will lower its credit card “swipe” fees for online and in-store transactions by 10% for small businesses starting in April. The move comes as the digital payments sector becomes increasingly competitive. Visa, one of the world’s largest payment companies, is facing new forms of competition, particularly from tech firms that have debuted alternative forms of payment that go around the traditional Visa and Mastercard networks. Visa currently charges 1.5% to 2.4% in consumer credit card interchange rates. The 10% cut takes place in April.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content