Credit Card Exec On Durbin Amendment, New Debit Card Rates

The Durbin Amendment to the U.S. Dodd-Frank legislative package affects ecommerce merchants. That’s because the Amendment greatly lowers the rate — called interchange — that Visa and MasterCard charge for the processing of debit cards. But, importantly, it does not automatically lower the fees that merchants actually pay to their merchant account providers. Our guest today is a longtime veteran of the credit and debit card industry. He’s Sloane Bouchever, the founder of Interchange Plus Solut...

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Ecommerce Conversations is the long-running weekly podcast from Practical Ecommerce, hosted by ecommerce entrepreneur Eric Bandholz.           •• Listen in as Eric interviews in-the-trenches founders and executives who address the essentials of launching, growing, and sustaining an online business. Hear their successes, mistakes, and plans — addressing customer acquisition, web traffic, marketing tactics, on-site conversion, shipping, favorite tools, funding, obstacles, and much more.    •• New episodes every Friday. Subscribe to the podcast here, and then read a condensed transcript at https://www.PracticalEcommerce.com/tag/podcasts.