Interchange Fee Regulation for UK

  • What is myPOS Blended Service Fee?

    When myPOS processes a transaction, myPOS is required to give a percentage of the funds collected on your behalf to relevant card scheme involved in the transaction. This percentage consists of Interchange and Scheme Fees, fees that vary per transaction...

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  • What are Interchange and Scheme Fees?

    When myPOS processes a transaction, myPOS is required to pay a fee, known as Interchange, which is determined by the relevant card scheme (e.g. Mastercard or Visa) and is paid to your customer’s card issuer. Additionally, myPOS also pays fees to the car...

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