Moreover,
Switzerland: visa lowers its commissions:
Card payments
Visa lowers its commissions for the benefit of Swiss merchants – Switzerland: visa lowers its commissions
Comco has negotiated a reduction in transaction costs with the payments giant. However, Commissions on credit cards will decrease by almost half.
Comco reduces VISA transaction costs to 0.15% for debit card payments.
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The Competition Commission (COMCO) concluded an agreement With Visa which will. For example, allow Swiss merchants to save 10 million francs per year on transaction costs. In addition, According to a Comco press release. the interchange commission rate for payments made with visa debit cards in physical outlets in Switzerland switzerland: visa lowers its commissions will drop from 0.2% to a maximum of 0.15% on average.
This reduction is a continuation of Comco’s efforts to reduce the costs borne by merchants during card payments. These commission fees. taken by the card issuer from each transaction, represent a significant charge for the Swiss retail trade, which had been claiming a drop in these prices for many years.
Mobile payments also concerned
The agreement also provides for a significant reduction in commissions for Visa credit cards. The levy rate goes from just over 1% to approximately 0.4%, which represents a reduction of more than half of the current costs. This substantial drop should particularly benefit traders who regularly accept payments by credit card.
Unlike the similar agreement concluded about a year ago with Mastercard, where the switzerland: visa lowers its commissions average commission rate is capped at 0.12%, the arrangement with visa has a notable particularity. The rate of 0.15% agreed with visa. although slightly higher than that of Mastercard, also applies to payments made using mobile devices such as smartphones or smartwatches.
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