Visa 2024 Interchange Rates 2024. In april 2024, significant updates to interchange rates and fees by visa and mastercard will take effect, impacting merchants across all sectors. Merchants that follows almost two decades of.

Implemented on april 12, 2024, these changes promise to reshape the landscape of credit card transactions. Visa uses interchange reimbursement fees as transfer fees between acquiring banks and issuing banks for each visa card transaction.