Payrix Update: Card Brand Association Changes
Spring is here — which for Payrix, means it’s time to communicate the annual pricing updates from the card brands that will go into effect on April 22, 2022. These changes were originally planned for previous network releases in 2020 and 2021 but were delayed due to COVID.
Card brand assessment rationale focuses on increasing merchant authentication and acceptance. To help you prepare, we created an article that outlines the upcoming fee changes by network and made a recommendation for pricing adjustments to ensure your merchant pricing remains both competitive and profitable.
It is important to read the article to review the changes and recommendations. If you have questions regarding these changes, please reach out to your Relationship Manager.