The PSD2 EU payment service directive, limits fee application to EEA issued card transactions within the EEA, while also granting merchants the ability to recover transaction processing costs.
Monex assists merchants to recoup processing costs associated with card transactions and recommends the appropriate costs to the cardholder in accordance with the EU surcharging rules. Card processing costs are evaluated in real time, determining eligibility and scope for levies, returning the appropriate percentage to be applied to the cardholder.
Monex API solution can assist clients to recuperate $1.1million in transaction processing costs, based on an annual cardholder payment throughput of $500million.
Monex has developed two specific Cost Recovery merchants solutions for transaction fees associated with Visa, Mastercard and Amex transactions: 1) fixed rate and 2) dynamic cost recovery
Contact us to learn how we can generate extra revenue for your business using our Cost Recovery solutions.