Everything You Wanted To Know About Card Fees but Were Too Afraid To Ask

The major card schemes facilitate payments between more than 25,000 banks across over 200 countries. This unrivalled scale and ubiquity makes accepting card payments indispensable for merchants. However, the fees involved can often be difficult to understand. This article will focus on the fees involved for merchants accepting card payments online.

SCA Explainer

The application of SCA (Stronger Customer Authentication) is mandatory under PSD2 for card-not-present CITs (Customer Initiated Transactions), where both the acquirer and the issuer are located within the regulated jurisdiction (EEA & UK). This requirement came into effect in September 2019.