Interchange Fees
Mastercard Standard Interchange Downgrade
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An interchange “downgrade” happens when a credit card transaction doesn’t meet requirements for a preferred interchange category.
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Interchange Fees
Mastercard Merchant UCAF Interchange Fees
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Mastercard’s Universal Cardholder Authentication Field (UCAF) interchange categories determine the interchange fees a business pays if it uses Mastercard SecureCode.
Credit Card Processing
Is the Payment Card Settlement Legit?
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If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.
Interchange Fees
Mastercard Interchange Fees for Restaurants
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Restaurants that accept Mastercards may see specific restaurant interchange fees or general fees. That’s because Mastercard has restaurant-specific categories for some cards, but not others.
Interchange Fees
Mastercard Merit 1 Interchange Fees
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Merit 1 (or Merit I) is a set of Mastercard interchange categories that dictate the rates for certain Mastercard payments.
Credit Card Processing
Mastercard Dispute Resolution Initiative (MDRI)
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In October 2018, Mastercard began a phased revamp to its chargeback process, calling it the Mastercard Dispute Resolution Initiative (MDRI).
Credit Card Processing
What Happens When You Get a Chargeback
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Most businesses deal with a chargeback at some point. When a customer is not satisfied with a purchase, they dispute that purchase through their credit card issuer, asking for the money to be refunded.
Credit Card Processing
Mastercard Acquirer Program Support Fee
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Mastercard’s Acquirer Program Support Fee is an assessment fee for accepting Mastercards that were issued outside of the United States.