ALERT: Check Your Merchant Processing Statements for Rate Increases
UPDATE as of April 1: Visa, MasterCard, and Discover are postponing their changes until July 17, 2020.
We are concerned about the rate hikes that are happening in our industry and want to provide you with as much information as we can to help you minimize any such increases. Banks and processors in the vacation rental space are raising their own rates in conjunction with (or in addition to) the Visa and MasterCard mandated increases that are coming soon.
Please check your merchant statements carefully for any increases that might already be in place, or for any increase notifications that they are required to give you. If you need help differentiating the optional processor increases from the mandated card-brand increases, please don’t hesitate to let us know.
Please contact us with any questions. We have your back, and we’d love to help in any way we can.
Reach out for more information directly to me now, or we will be in touch ASAP.
VP of Operations