Learn everything you need to know about the next wave of card brand updates, slated for April 2021
Last year, card brands Visa, Mastercard, and Discover introduced some of the most sweeping and transformative changes to their interchange rate and fee structures in more than a decade. They touted that these modifications would alleviate the cost of acceptance in certain sectors, yet most businesses experienced increases in cost.
We are beginning to see the dust settle on the 2020 changes — just in time to prepare for the next round of updates to take effect in April.
In total, interchange adjustments will add a net $889 million to merchants’ costs in 2021, according to an analysis by CMSPi.
If you’re responsible for managing payments, regardless of your industry, you need to be proactive and practical in understanding the impact these changes will have on your business. Our new guide covers everything you need to know about the changes coming your way, including how they will affect your business and what you can do now to prepare for the next major release in April.
Included in this guide:
- Where We’ve Been and Where We’re Going: 2020-2021 Card Brand Changes
- How to Prepare for the 2021 Changes
- Merchants May Be Facing Higher Reserve Requirements From Acquirers and Processors
- Chargebacks and Returns: Best Practices for Merchants in 2021
- BONUS! Who’s Who in Payments: Mergers and Acquisitions in the Global Payments Industry
Download the guide