You can find out the Visa/Mastercard split but I can only find a very long and tiresome way of doing it. There doesn't seem to be a summary anywhere from what I can see. If anyone knows a shortcut then please post it here.
On the broader subject how long will it be before Visa implements this too? I fear it won't be long. Is the $500 the fee irrespective of billings/revenues or is it tiered so that larger earners pay more? It seems dreadfully unfair that someone earning $50,000 per annum pays the same as a company with a turnover of $500,000. If it's "risk management" then the higher the revenue the higher the risk surely?
Ultimately I believe this will cause a large number of smaller operators to close. It really is getting to the point where it won't be worth carrying on!
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