Does Mastercard charge more than Visa?

Mastercard vs. Visa: A Comparison of Credit Card Processing Fees

Credit card processing fees are a necessary cost of doing business for merchants who accept credit cards. These fees vary depending on a number of factors, including the type of card being used, the amount of the transaction, and the merchant’s processing agreement.

In general, the fees charged by Visa and Mastercard are very similar. However, there are some slight differences between the two networks.

Visa

Visa charges a per-transaction fee of 2.2% for most transactions. This fee is the same for both credit and debit cards. Visa also charges an additional fee for transactions that are processed over the phone or online. This fee is typically 0.15% of the transaction amount.

Mastercard

Mastercard charges a per-transaction fee of 2.2% for most transactions. This fee is also the same for both credit and debit cards. However, Mastercard does not charge an additional fee for transactions that are processed over the phone or online.

Which network is better for merchants?

The best network for merchants will depend on a number of factors, including the type of cards that their customers use, the amount of their transactions, and their processing agreement.

For merchants who accept a large volume of transactions, Mastercard may be a better option because it does not charge an additional fee for online or phone transactions. However, for merchants who accept a smaller volume of transactions, Visa may be a better option because it has a slightly lower per-transaction fee.

Ultimately, the best way to determine which network is best for your business is to compare the fees that each network charges and to choose the network that offers the best rates for your specific needs.