BT-REQ-3972 PSD3 Impacts v6(without crop marks) RL - Flipbook - Page 27
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HL | PSD3 Impacts
15. Card scheme fees
Overview
The Council Text seeks to deliver greater
transparency over card scheme fees, requiring:
(PSR Art 31a Council Text)
Card scheme operators and processors to ensure
their rules and fees are disclosed to acquirers in
a transparent and consistent manner to allow
acquirers to compare billing categories between
the schemes; and
Acquirers to provide transparency on merchant
services charges applied to their business
payment services users of the payment card
scheme, consistent with their obligations under
the IFR.
What is the impact?
Card scheme fees have been a point of focus for
regulators (both EU and UK) in recent years, so it is
unsurprising that this issue features in one of the
drafts for the PSR.
The focus on the way fees are disclosed and their
visibility is clearly intended to drive greater
competition in a market with limited choice.
