Retail Groups Rail Against New Visa Scheme Fee

Visa is set to introduce a new scheme fee for payments that use the 3D Secure protocol, despite complaints from acquirers and retail groups that card acceptance costs are spiralling.

From September 1 this year, Visa will charge an “acquirer authentication request fee” of €0.02 for each transaction that uses the protocol, which is designed to detect fraudulent online card transactions.

The new charge was set out in a note circulated to participants in Visa’s network in late February this year on a “need to know” basis. Although immediately payable by acquirers themselves, they would generally be expected to pass the fee onto the end retailer as part of the merchant service charge.

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