It is proposed that commissions or interchange fees for credit card payments be 0.6% while those for debit cards are 0.3%. Currently, these rates are 1.91% of the total payment on credit cards and 1.15% on debit cards.
On the portal of the National Commission for Regulatory Improvement (Conamer), some of the experts highlight that reducing this exchange fee will cause institutions to close their operations or modify their approach to bringing financial products to unbanked people.
“This would stop financial inclusion, access to credit for unbanked segments. To the extent that the exchange fee is reduced, issuers will compensate for that income via other sources of income such as interest rates and commissions,” it is noted.
They show that in countries such as Poland, the United Kingdom, Australia and the United States, where regulation reduced interchange rates, large businesses benefited mainly, without transferring savings to consumers.
“Based on international experience, we conclude that the reduction of interchange rates does not ensure lower prices for the consumer and can generate distortions,” it stands out.
Clip, one of the most important companies in the paid acquirer segment, said that the definition of an exchange fee must generate adequate incentives for the union. “Clip suggests establishing a biannual review based on evidence and clearly distinguishing between (acquiring) discount rate and aggregator commission, to avoid misleading interpretations,” he noted.
The Association of Payment Method Aggregators (ASAMEP) called to preserve the balance between issuance and acquisition incentives with transparency.
“Inadequate fixing could lead the most affected participants to lose the ability to compete or resort to substitute charges to compensate for losses, transferring costs to aggregators, businesses or even the final consumer,” he highlighted.
