MAG Insights

Announcements from the MAG & Featured Articles

Mark Horwedel, MAG CEO, Article in PaymentsSource: "Visa's 'war on cash' doesn't deflect from merchant card costs"

Today, most merchants have come to regard card payments as a huge cost burden, although they feel the marketplace requires them to continue acceptance.

Costs of card acceptance have tripled or quadrupled as the big bank issuers banded together and insisted on more merchant fees and transferred more and more of their costs of operation to merchants. Merchants have become disenchanted with nearly every facet of card acceptance from the outrageous costs to having to protect the big banks from the deficiencies of the banks’ own card products.

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