November 1st, 2006 by Jamie Estep
Mastercard Finally Publishes Interchange
Filed in: Merchant Accounts |
Mastercard has finally published their interchange rates. Visa beat Mastercard to publishing interchange rates, even though Mastercard made the initial announcement a few months ago, about a month before Visa.
An expected backlash against Visa for having such a complicated interchange schedule came almost immediately after the release. Mastercard’s rate schedule is 72 pages long, making Visa’s 5 page report fairly mild in comparison.
Best of luck to anyone trying to completely decipher this monster.
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