WebOct 7, 2024 · The Payment Systems Regulator (PSR)’s market review into the supply of card acquiring services concluded that the market was not working well for merchants with an annual card turnover of under £50 million. For further detail on the background to the review, please see our previous articles - Payments: card acquiring market review - TLT LLP. WebJul 18, 2024 · This short piece describes the PSR’s market studies, and outlines our view on the possible remedies that might result. An inevitable reckoning: long, far reaching market reviews As part of its Card Acquiring Market Review (CAMR) interim report, in September 2024 the PSR found evidence that card scheme fees had doubled in recent years.
Alert on the PSR’s final report into the card-acquiring market
WebPSR Card-Acquiring Market Review - Final Decision Call to Action: help us find evidence of anticompetitive practices! Identifying and fixing the issues in the card-acquiring markets that we operate in can help our merchants be in control of their business and find a deal that works best for them. WebAug 1, 2024 · The Payment Systems Regulator (PSR) has issued Draft Terms of Reference for a market review into the supply of card-acquiring services. The PSR will use its powers under the Financial Services ... horse racing betting best odds
Market Review into card-acquiring services PSR January 2024
WebJan 24, 2024 · For businesses to accept card payments, they need to buy card acquiring services. The cost of these may affect the prices and services they offer to their customers. The PSR is carrying out this review … WebJan 27, 2024 · The PSR’s review published in November found that the supply of card-acquiring services does not work well for merchants with annual card turnover up to £50 million. These merchants could make savings by shopping around or negotiating with their current supplier, but many do not. WebOct 19, 2024 · The PSR is considering how to develop a framework to evaluate merchant and consumer outcomes in the card-acquiring market and states that it could use this to assess the effectiveness of the remedies, and if they … horse racing betting blog