Visa Inc. has announced its delaying the fees for credit card swipes until April 2021. The reason has to do with the coronavirus crisis. Also, Visa is cutting the interchange fees for in-store purchases at supermarkets in July. Let’s reveal more about the topic and find reliable and low cost high risk merchant accounts in the U.S.
High Risk Merchant Accounts U.S. & Visa’s New Plans
Visa has delayed almost all its interchange and fee changes planned for the U.S. The new date is April 2021. However, this doesn’t refer to cutting the interchange fees in supermarkets.
The reason why the payment giant has decided to postpone its plans has to do with the current situation caused by COVID-19. The thing is that the changes would increase the rates for some merchants, and they would have a difficult time coping with the rise in expenses. After all, the current financial …