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German retailers feel the pressure of inflation while card costs rise
After months of dizzying consumer price increases, inflation in Germany reached 8.2% in June.[1] The market is caught between the ongoing energy crisis and widespread supply chain disruption, with economic growth forecasts cut from 3.1% to 2.5%.[2] But while German retailers’ margins are being squeezed in all directions, is the same true for their payment…
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Are local map systems in Europe under threat?
A guest contribution by Maximilian Fuchs For many German merchants, the girocard as a low-cost, domestically accepted debit card system was and is a lifeline in the face of rising card acceptance costs. However, recent reports suggest that it is under increasing threat from mono-badge card issuing. With some of Europe’s national card schemes in…
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Payment & Brexit – What additional costs will German and European merchants face?
The UK is one of the most important e-commerce markets for the EU. In 2019, the UK accounted for 34% of online sales in Western Europe. Now, as a consequence of Brexit, Mastercard wants to classify the UK as “inter-regional” from October 2021, which will result in interchange fees for “card not present” (CNP) transactions…
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5 Jahre MIF-Regulierung: Welche Vorteile sind für Händler europaweit noch übrig?
Vor ziemlich genau fünf Jahren beschloss die Europäische Kommission, die multilateralen Interbankenentgelte für Debit- und Kreditkartentransaktionen europaweit auf 0,2 % bzw. 0,3 % zu regulieren. Heute stellt die globale, unabhängige Payment-Beratung CMSPI fest, dass ein Großteil der Einsparungen in einem “Hau-den-Maulwurf-Spiel” mit anderen Gebühren erodiert wurde und weitere Regulierung notwendig ist. MIF-Regulierung in 2015 Die…
