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PayDay News | Australian Payments News

Fees charged by card schemes under increased regulatory scrutiny around the world

Senior Business Correspondent
20 Dec, 2024
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Michael Sainsbury
Senior Business Correspondent
20 Dec, 2024
Add us as a preferred source on Google
The giants of the payment card industry, Visa and Mastercard are under an intensifying spotlight in a range of jurisdictions, including the UK, EU and Australia, with a key focus on the opaque scheme fees these companies dictate to banks and merchants. At least 80% of these fees are borne by merchants.
Fees charged by card schemes under increased regulatory scrutiny around the world
PayDay News

The giants of the payment card industry, Visa and Mastercard are under an intensifying spotlight in a range of jurisdictions, including the UK, EU and Australia, with a key focus on the opaque scheme fees these companies dictate to banks and merchants. At least 80% of these fees are borne by merchants.

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