Visa Regulations by Kevin Woodward

Visa's new 3% surcharge cap on credit-card transactions for US merchants, effective from April 15, 2022.

1. Visa is introducing a new 3% surcharge cap on credit-card transactions for merchants in the United States, starting from April 15, 2022. This means that merchants can't charge more than 3% for processing credit-card transactions, regardless of the transaction amount.
2. The new cap is aimed at helping merchants offset the costs of credit-card acceptance, which can be high due to interchange fees and other charges. However, some merchants are concerned that the cap may not be sufficient to cover their costs, and that they may need to pass on some of the expenses to customers in the form of higher prices or fees.
3. To avoid passing on the costs to customers, some merchants may opt to offer cash discounts instead. By offering a discount to customers who pay in cash, merchants can avoid the 3% surcharge and reduce their overall costs. However, some experts warn that cash discounts can be complicated to implement and may not be suitable for all merchants or industries.

For the comprehensive information continue reading the article below

5 Surprising Ways Card Acceptance Can Grow Your Small Business

By Neil Har

1. Accepting credit and debit card payment options can increase sales by making it easier for customers to make purchases and spend more money.
2. Accepting different card payments options can improve cash flow by reducing the time it takes to receive payment and allowing businesses to access funds quickly.
3. Accepting many different card options can help build customer loyalty by providing a convenient payment option and potentially offering rewards programs that incentivize customers to shop at certain businesses

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Do Cross-Border Payments Represent a Regulatory Blindspot?-Finance Magnates

The article highlights that the lack of a unified global regulatory framework for cross-border payments has created challenges for small business owners who deal with payments across different countries. The inconsistent and fragmented regulatory landscape has made it difficult for businesses to comply with various regulatory requirements and has led to inefficiencies and higher costs. Small business owners may face more compliance burdens and need to spend more time and resources to navigate the complex regulations. The article calls for greater collaboration and standardization among regulators to improve transparency and reduce compliance burdens for businesses and consumers.

About me

I have 14 years of experience in payments and specialize in helping local businesses stay competitive with Payment systems that grow sales and minimize costs.

At CMS we offer faster funding, local service, and more payment options for your customers.  Let’s connect and improve your bottom line. I'm happy to be a resource for you!

Nathan Ralls