Comments on: Mastercard to publish interchange rates http://www.merchantequip.com/merchant-account-blog/180/mastercard-to-publish-interchange-rates Merchant Accounts, Ecommerce, Processing Equipment Fri, 23 Sep 2011 22:04:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jestep http://www.merchantequip.com/merchant-account-blog/180/mastercard-to-publish-interchange-rates/comment-page-1#comment-991 jestep Wed, 11 Oct 2006 19:40:25 +0000 http://www.merchantaccountblog.com/archives/180#comment-991 Visa will most likely follow suite once their IPO is over with, and publish their own rates. It would be a good idea for Visa seeing how they have lower interchange rates than MasterCard. Both Visa and Mastercard are attempting to shift the blame for high processing fees away from themselves. The funny part is that the card issueing banks are who make the most money on credit card processing. These banks also make most of the money collecting interest from the card holders, and they are the companies that run Visa and Mastercard. They make money from every angle of credit card processing. Surprising that they have as much control as they do and that congress hasn't stepped in and dropped the hammer. Visa will most likely follow suite once their IPO is over with, and publish their own rates. It would be a good idea for Visa seeing how they have lower interchange rates than MasterCard.

Both Visa and Mastercard are attempting to shift the blame for high processing fees away from themselves. The funny part is that the card issueing banks are who make the most money on credit card processing. These banks also make most of the money collecting interest from the card holders, and they are the companies that run Visa and Mastercard. They make money from every angle of credit card processing.

Surprising that they have as much control as they do and that congress hasn’t stepped in and dropped the hammer.

]]> By: Joe T http://www.merchantequip.com/merchant-account-blog/180/mastercard-to-publish-interchange-rates/comment-page-1#comment-990 Joe T Wed, 11 Oct 2006 17:00:28 +0000 http://www.merchantaccountblog.com/archives/180#comment-990 Now Visa's going public and will probably to the same. What are your opinions on their announcement? Now Visa’s going public and will probably to the same. What are your opinions on their announcement?

]]> By: jestep http://www.merchantequip.com/merchant-account-blog/180/mastercard-to-publish-interchange-rates/comment-page-1#comment-765 jestep Wed, 06 Sep 2006 15:55:09 +0000 http://www.merchantaccountblog.com/archives/180#comment-765 On a side note. I am absolutely a firm believer in educating businesses in any area of the processing industry. I run this blog for that exact purpose. This is a simple manner of treating your business partners with respect. If you are a wholesaler, you don't set high prices and then blame how expensive your products are on your resellers. The same thing goes for Mastercard. If you are the one setting the high prices, you don't go and place the blame on your resellers. Whether intended or not, this news comes across exactly as this to resellers. On a side note. I am absolutely a firm believer in educating businesses in any area of the processing industry. I run this blog for that exact purpose.

This is a simple manner of treating your business partners with respect.

If you are a wholesaler, you don’t set high prices and then blame how expensive your products are on your resellers.

The same thing goes for Mastercard. If you are the one setting the high prices, you don’t go and place the blame on your resellers. Whether intended or not, this news comes across exactly as this to resellers.

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