Category: VISA
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Visa Mastercard Agree on $30b Settlement – What It Means for Online Merchants
CREDIT CARD PAYMENTS, CREDIT CARD PROCESSING, Credit Card Processing Fees, Credit Card Surcharges, MasterCard, Payment Processing, VISAIn a landmark move that could reshape the landscape of credit card processing, Visa and Mastercard have reached a staggering $30 billion settlement with merchants across the United States. This settlement aims to address long-standing concerns over the exorbitant credit and debit card fees that have burdened retailers, particularly small businesses, for decades. For online…
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VAU and MAU Will Eliminate Churn on Your Subscriptions, Here’s How
We’ve all felt the sting of chargebacks, faced declines, and grappled with customer churn. These are not just “problems”; they’re actually revenue leaks that can bleed a subscription business dry if not addressed. Enter Visa Account Updater (VAU) and Mastercard Account Updater (MAU), the unsung heroes in the payment ecosystem that can help you overcome…
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What Does Visa’s NFT Purchase Mean for Crypto? A Momentous Move for the Payment Industry
The world’s most popular credit card network just bought an NFT for $150,000 for the first time. The price isn’t surprising (it’s not even among the most expensive NFTs). What is surprising is Visa’s head of crypto, Cuy Sheffield, stated in a blog post the purchase is to understand the growing NFT market, the mechanics behind making a…
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New Visa Rules: Why June 2020 Is Crucial For Certain Merchants
Merchants likely heard that new Visa Rules slated to go into effect in April are now postponed. COVID-19 continues to significantly affect the North America and European market. Because of this, the card network companies decided to delay the introduction of new fee structures due April 2020. As such, the new Visa Rules intended for…
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Run A Subscription Business? Here’s What You Need To Watch Out For In 2020
Subscription, continuity, rebilling, memberships and other recurring payment models are big online revenue generators. In fact, this e-commerce market is continuously growing year over year. Studies show increases by more than 100% a year over the past five years. Revenues from online companies using recurring transaction models are set to top $3 billion in 2019,…
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