Video: Business-to-business credit card transactions incur higher processing fees. And recent updates are making this more expensive.
Every time your business accepts a credit card transaction, you pay a processing fee.
But did you know, business-to-business transactions incur a higher fee than business-to-consumer transactions.
This is due to a number of factors, including risk and the average transaction size associated with business credit cards.
Recently, Visa and Mastercard made some changes to the interchange fees associated with business credit cards.
Not only will these make many B2B transactions even more expensive, they also hinge on the cardholder’s spending patterns.
The more your client spends on their business credit card, the higher their cardholder rewards will be. And that means more fees for you, the merchant.
- A constantly changing industry.
- The increase in B2B interchange fees is just one of many recent industry shifts.
The payments industry is constantly evolving, and it can be difficult to stay on top of new developments and updates.
