Now is the time when, as a result of Brexit, the card brands are recognizing transactions between the EU and UK as cross-border. As of October 15, 2021, Visa and Mastercard are increasing fees on those UK-issued card payments being processed within the European Economic Area (EEA) and for EEA-issued card payments being processed within the UK. The increase in fees to 1.5% is 5X what it had been. What does […]
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