78% of Companies Not Moving with New Brexit Card Processing Fees

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About BlueSnap
- Why BlueSnap?
  
  BlueSnap is the only Global Payment Orchestration Platform that simplifies payments, while helping you to reduce costs and increase sales. Here’s how we do it.
  
  LEARN MORE
- Column 1
  - Delivering ROIAll of our solutions are engineered to deliver a return on your investment that will drive your business’s bottom line.
  - Payments ExpertsWith BlueSnap, you get real people with real payments expertise who want to help you get the most out of payments.
  - Modular TechnologyEach element of the Global Payment Orchestration Platform can be tailored to your business, turned on and off as needed.
- Column 2
  - Talk to a Payments Expert
    
    Speak with us about strategies to improve your business.
  - Work at BlueSnapJoin us on our quest to help others harness the power of payments.
Products
- Global Payment Orchestration Platform
- Global PaymentsAccept payments from over 200 regions. One integration gives you the world.
- Embedded PaymentsSelling payments to your clients can change the value of your platform.
  - BlueSnap DashBranded Payfac
  - BlueSnap RelayPayfac-as-a-service
  - Explore the ROI
  - Use Cases
- Invoicing & BillingGet paid faster by modernizing your invoicing, billing and AR processes.
- Talk to a Payments Expert
  
  We can help you design the right payment solution for your business.
  
  SCHEDULE A DEMO
Industries
- Column1
- Column2
Resources
- Column1
  - PartnersSee our integrations and learn how to integrate with us.
  - Support Guides
  - Case Studies
- Column2
  - Resource Center
  - Global PaymentsPut your international payments to work for your business with these helpful resources.
  - Embedded PaymentsGet the latest strategies for selling payments to your clients and creating value for your platform.
  - Invoicing & BillingReduce your Days Sales Outstanding and streamline processes with expert tips and insights.
Developers
Create Account

About BlueSnap
- Why BlueSnap?
  
  BlueSnap is the only Global Payment Orchestration Platform that simplifies payments, while helping you to reduce costs and increase sales. Here’s how we do it.
  
  LEARN MORE
- Column 1
  - Delivering ROIAll of our solutions are engineered to deliver a return on your investment that will drive your business’s bottom line.
  - Payments ExpertsWith BlueSnap, you get real people with real payments expertise who want to help you get the most out of payments.
  - Modular TechnologyEach element of the Global Payment Orchestration Platform can be tailored to your business, turned on and off as needed.
- Column 2
  - Talk to a Payments Expert
    
    Speak with us about strategies to improve your business.
  - Work at BlueSnapJoin us on our quest to help others harness the power of payments.
Products
- Global Payment Orchestration Platform
- Global PaymentsAccept payments from over 200 regions. One integration gives you the world.
- Embedded PaymentsSelling payments to your clients can change the value of your platform.
  - BlueSnap DashBranded Payfac
  - BlueSnap RelayPayfac-as-a-service
  - Explore the ROI
  - Use Cases
- Invoicing & BillingGet paid faster by modernizing your invoicing, billing and AR processes.
- Talk to a Payments Expert
  
  We can help you design the right payment solution for your business.
  
  SCHEDULE A DEMO
Industries
Resources
- Column1
  - PartnersSee our integrations and learn how to integrate with us.
  - Support Guides
  - Case Studies
- Column2
  - Resource Center
  - Global PaymentsPut your international payments to work for your business with these helpful resources.
  - Embedded PaymentsGet the latest strategies for selling payments to your clients and creating value for your platform.
  - Invoicing & BillingReduce your Days Sales Outstanding and streamline processes with expert tips and insights.
Developers
Create Account

Now is the time when, as a result of Brexit, the card brands are recognizing transactions between the EU and UK as cross-border. As of October 15, 2021, Visa and Mastercard are increasing fees on those UK-issued card payments being processed within the European Economic Area (EEA) and for EEA-issued card payments being processed within the UK. The increase in fees to 1.5% is 5X what it had been.

What does this mean for your business? If you process payments in the EU and the UK, you now need to have local acquiring set up in both locations or you will incur these new fees.

This week, we asked business leaders if they have decided to take any action based on these changes, and only 22% have taken steps to avoid these fees – 25% said they did not realize there might be a need to take action and 53% have decided not to take any action at all:

At BlueSnap, we know there is a better way to processing cross-border payments, a way that helps you eliminate avoidable cross-border fees. With our network of global banks, we can help you process your payments with local acquiring in 47 geographies, including both the EU and UK. We can help you strategically leverage the local entities you have to reduce costs while also increasing your authorization rates.

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