Andorra to cap interchange fees for card-based payment transactions
The Government of Andorra is passing a bill to cap the maximum percentage that can be charged for interchange fees on card-based payment transactions. The Law on interchange fees for card-based payment transactions will standardise bank commissions for operations carried out in Andorra and reduce costs for online and offline businesses. Table of Contents: Law on interchange fees for card-based payment transactions Capping the fees applied to card payments What are interchange fees? A measure that will help commerce E-commerce …