Could the EU Ruling on Interchange Fees Be Good News for Retailers Doing Business Across the Pond?
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Ralf Gladis
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What Will This Ruling Mean for Cross-Channel Retailers Doing Business in Europe?
Nothing is set in stone yet. The process is still ongoing, and MasterCard has already announced plans to appeal. However, the likelihood is that changes will occur, and they'll have a direct impact on retailers selling in Europe. A substantial reduction in merchants' costs and price calculations will be focused on cross-border payments in Europe only (e.g., a French consumer using his credit card in Spain). Domestic payments are yet to be investigated.
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Ralf Gladis
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Ralf Gladis is the co-founder and CEO of Computop, Inc., a global payment service provider.
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