“Industry News” Posts

MasterCard Announces New Merchant Location Fee

MasterCard Announces New Merchant Location Fee

MasterCard announced a new assessment fee that will be billed per business location that accepts its cards. MasterCard’s Merchant Location Fee will be charged to Merchant Account Providers for 2016 onward. Providers will pass the fee onto their customers (that’s you). Though this $15 fee is scheduled to be billed annually, providers may choose to bill it monthly or quarterly instead. Because the fee is determined by MasterCard, it should never exceed the set amount. If you are charged more than $15 annually for the MasterCard Merchant Location Fee, your provider is practicing unethical billing. The following information…