soraimer
2019-5-2 18:07:18
Cross-border transaction fees are assessment fees merchants pay when customers use cards from international banks at your business.
The cardmember associations first introduced the cross-border fee in 2005. eCommerce had finally cemented into the worldwide economy, and assessment fees were rising across the board.
Mastercard and VISA were fed up with paying fees for merchants who were selling abroad and decided to pass that cost along to them.
These cross-border fees are charged during international transactions, and they are passed along by the issuing banks to the merchants (a.k.a. the business owners).