23 OCTOBER 2019
Effective 25 January 2020, Visa will introduce an Innovation and Market Development Fee in select countries in Europe.
These new country-specific fees, that will finance Visa’s Country Development funds, will range from 1 - 5 bps per transaction and will be added to transactions for various countries* (these fees will not be added to any of the Nordic countries). The fees will go towards initiatives that include: increasing card usage, driving innovation and new product initiatives and accelerating acceptance infrastructure development.
*Impacting Austria, Belgium, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Romania, Slovakia, Slovenia