It is set by the card schemes and varies significantly by card type. Consumer debit may sit below 0.3%, while commercial credit cards can exceed 2%, particularly on unregulated or cross-border transactions. This variation is becoming more relevant as transaction…
In reality, they can quietly affect cos…
A change of 10-20 basis points may not appear significant in isolation. However, when applied across millions in card turnover, the impact becomes immediate. For example, a business processing £100m annually would see costs increase by £100,000 with just a…
Recent changes to interchange and scheme fees are often measured in basis points, typically in the range of 5-20bps depending on transaction type. While this appears minor, the effect becomes more significant when applied across large transaction volumes. For a…
Despite some mixed weather throughout the day, it was a great opportunity to spend time with professionals from across the hospitality sector, enjoy some competitive golf, and support an event that continues to bring people together within the industry. BB…