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Visa Interchange Rates 2024: What You Need to Know

Stax

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards.

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Subscription renewal: getting customers to renew subscriptions

ProfitWell

And while these tactics might technically be legal, they sure aren’t ethical. When each customer’s contract expires, their card is automatically charged, and access to the product or service continues uninterrupted. Automatic renewals prevent forgotten payments, which helps improve retention and combat customer churn.