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Visa’s New VAMP Rules Will Cost You—Here’s Why You Should Be Worried
Visa is charging merchants per transaction for fraud and chargebacks.
Visa is tightening its grip, and businesses that don’t take action now will pay for it—literally. Visa is no longer just flagging high-risk merchants—it is charging them per transaction.
If a customer disputes a charge, even fraudulently, it counts against you. If your dispute rate crosses Visa’s limits, you pay penalties on every transaction, and winning a chargeback later won’t refund the fines.
Acquirers won’t take the risk and will start cutting off high-risk businesses. This is not just a cost issue—it’s a threat to your entire business.
Read my article for more information: https://www.linkedin.com/pulse/visas-new-vamp-rules-cost-youheres-why-you-should-worried-soltesz-euhdf
“Looking for a bank or payment processors” might be the most expensive post you have ever made
Many of us want to integrate more payment processing options onto our platform, to offering variosu processing services to our clientele. Finding the right payment service providers is hard, but usually we follow these steps: contact as many as we could, gather their fees and integrate the best options.
This challenge is much harder and complex than you would imagine.
PSPs and gateways often share acquiring banks and channels, undermining diversification efforts. This interconnectedness can jeopardize risk management strategies, leaving companies vulnerable to systemic failures.
Sales pitches in the banking and payment processing industry also often overpromise and underdeliver. Pursuing large-volume merchants leads to exaggerated claims, leaving clients disillusioned when expectations aren't met.
Price should not be the sole consideration when selecting a payment provider. Hidden fees, low conversion rates, technical issues, and poor customer service can outweigh initial cost savings.
Short-term discounts may lead to long-term profit losses.
Engaging a payment expert is essential to avoid costly mistakes. Without sufficient experience, companies risk selecting unreliable providers or overlooking critical factors.
Due diligence alone may not suffice in an industry reliant on insider knowledge and trust. Investing in expertise upfront can prevent significant losses in the long run.
For more info and further points, read my full article on the subject on LinkedIn: https://www.linkedin.com/pulse/looking-bank-payment-processors-might-most-expensive-post-soltesz-umr2f/?trackingId=5fzOOzPnT5%2BsMmRROVAY%2Bg%3D%3D
Many of us want to integrate more payment processing options onto our platform, to offering variosu processing services to our clientele. Finding the right payment service providers is hard, but usually we follow these steps: contact as many as we could, gather their fees and integrate the best options.
This challenge is much harder and complex than you would imagine.
PSPs and gateways often share acquiring banks and channels, undermining diversification efforts. This interconnectedness can jeopardize risk management strategies, leaving companies vulnerable to systemic failures.
Sales pitches in the banking and payment processing industry also often overpromise and underdeliver. Pursuing large-volume merchants leads to exaggerated claims, leaving clients disillusioned when expectations aren't met.
Price should not be the sole consideration when selecting a payment provider. Hidden fees, low conversion rates, technical issues, and poor customer service can outweigh initial cost savings.
Short-term discounts may lead to long-term profit losses.
Engaging a payment expert is essential to avoid costly mistakes. Without sufficient experience, companies risk selecting unreliable providers or overlooking critical factors.
Due diligence alone may not suffice in an industry reliant on insider knowledge and trust. Investing in expertise upfront can prevent significant losses in the long run.
For more info and further points, read my full article on the subject on LinkedIn: https://www.linkedin.com/pulse/looking-bank-payment-processors-might-most-expensive-post-soltesz-umr2f/?trackingId=5fzOOzPnT5%2BsMmRROVAY%2Bg%3D%3D
“Looking for a bank or payment processors” might be the most expensive post you have e...
I remember, a few years back, I ran the accounting department for a large platform provider. The CEO wanted to integrate more payment processing op...
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More Updates From Viktoria
Upvoted by Cristian
Upvoted by 1
Upvoted by Cristian and 1 other
Upvoted by 2
Upvoted by Cristian
Upvoted by 1
Viktoria S.
Mar 13, 2025
Hungary’s Cash Protection Law: Economic Stability or Financial Risk?
Hungary is amending its constitution to guarantee the right to pay in cash. While positioned as a move to protect consumer choice, it raises concerns for businesses, banks, and the country’s financial stability.
Cash increases operational costs, weakens financial transparency, and complicates compliance with global banking regulations. It could also impact Hungary’s trade relationships and currency stability.
Read my article for more: https://www.linkedin.com/pulse/hungarys-cash-protection-law-economic-stability-risk-viktoria-soltesz-6xzdf/?trackingId=V4g5T%2B2nsff8peqZv0pWbA%3D%3D
Hungary is amending its constitution to guarantee the right to pay in cash. While positioned as a move to protect consumer choice, it raises concerns for businesses, banks, and the country’s financial stability.
Cash increases operational costs, weakens financial transparency, and complicates compliance with global banking regulations. It could also impact Hungary’s trade relationships and currency stability.
Read my article for more: https://www.linkedin.com/pulse/hungarys-cash-protection-law-economic-stability-risk-viktoria-soltesz-6xzdf/?trackingId=V4g5T%2B2nsff8peqZv0pWbA%3D%3D
Viktoria S.
Mar 7, 2025
ISO Standards in Banking and Payments: What You Need to Know
Payment failures, frozen accounts, and regulatory fines happen more often than you think.
Most people handling payments have no proper training, and MBAs don’t cover this.
ISO standards define how banks process transactions, prevent fraud, and stay compliant, yet most businesses don’t even know they exist. Ignoring them leads to security breaches, lost funds, and costly mistakes.
Read my article for more information: https://www.linkedin.com/pulse/iso-standards-banking-payments-what-you-need-know-viktoria-soltesz-oysdf/?trackingId=GD1c6CfwSEaS9nlJbwWppQ%3D%3D
Payment failures, frozen accounts, and regulatory fines happen more often than you think.
Most people handling payments have no proper training, and MBAs don’t cover this.
ISO standards define how banks process transactions, prevent fraud, and stay compliant, yet most businesses don’t even know they exist. Ignoring them leads to security breaches, lost funds, and costly mistakes.
Read my article for more information: https://www.linkedin.com/pulse/iso-standards-banking-payments-what-you-need-know-viktoria-soltesz-oysdf/?trackingId=GD1c6CfwSEaS9nlJbwWppQ%3D%3D
Upvoted by Cristian
Upvoted by 1
1 comment
Viktoria S.
Mar 6, 2025
"Oh come on, it just a bank....!"
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
Upvoted by Cristian and 1 other
Upvoted by 2
Viktoria S.
Mar 3, 2025
Thinking your payment and banking setup is fine? Think again.
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
Upvoted by Cristian
Upvoted by 1
