MasterCard US Region 2015 Acquirer Pricing Initiatives
01/06/15: In MasterCard's published 1/5/15 bulletin for Cirrus, Debit MasterCard, Maestro, MasterCard and pricing/fees, they announced modifications of cross-border assessments to acquirers.
Effective April 17, 2015 and billed daily beginning 4/18/15, MasterCard will modify the assessments for the following transactions:
- Acquirer cross-border transactions submitted to MasterCard in the local currency of the merchant.
This is a change from 0.40 percent to 0.60 percent.
- Acquirer cross-border transactions not submitted in the local currency of the merchant.
This is a change from 0.80 percent to 1.0 percent.
The acquirer cross-border service is billed to US region acquirers relative to cross-border transactions. The fee applies to any transaction with a credit, debit, Cirrus and Maestro card in which the country code of the merchant does not equal the country code of the account range.
Meta ATM Team