{"id":33766,"date":"2023-09-02T18:14:37","date_gmt":"2023-09-02T18:14:37","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=33766"},"modified":"2023-09-03T08:23:19","modified_gmt":"2023-09-03T08:23:19","slug":"visa-and-mastercard-cards-fees-likely-to-go-up","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up","title":{"rendered":"Visa and Mastercard cards fees likely to go up"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers\u2019 credit cards, the Wall Street Journal has reported.<\/b><\/p>\n

The fee increases are scheduled to start in October 2023 and April 2024 respectively, according to the report, which cited people familiar with the matter and documents viewed by the WSJ.<\/p>\n

Many of the fee increases are for online purchases, the WSJ said.<\/p>\n

Visa and Mastercard did not immediately respond to requests for comment.<\/p>\n

An interchange fee is the charge a merchant pays to the card-issuing bank every time a consumer swipes their card. Increases in fees merchants pay to card issuers are typically passed on to consumers, regulators have previously said.<\/p>\n

Mastercard shares were up 1.3%, while Visa was up 1.1%.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers\u2019 credit cards, the Wall Street Journal has reported. The fee increases are scheduled to start in October 2023 and April 2024 respectively, according to the report, which cited people familiar with the matter […]<\/p>\n","protected":false},"author":84,"featured_media":33765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,237,234],"class_list":["post-33766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nVisa and Mastercard cards fees likely to go up - Botswana<\/title>\n<meta name=\"description\" content=\"Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa and Mastercard cards fees likely to go up\" \/>\n<meta property=\"og:description\" content=\"Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-02T18:14:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-03T08:23:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/09\/sm_1693659401.095746.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Visa and Mastercard cards fees likely to go up\",\"datePublished\":\"2023-09-02T18:14:37+00:00\",\"dateModified\":\"2023-09-03T08:23:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\"},\"wordCount\":146,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/09\/sm_1693659401.095746.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/visa-and-mastercard-cards-fees-likely-to-go-up\",\"name\":\"Visa and Mastercard cards fees likely to go up - 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