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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
I see more and more encouragement for introducing crypto payments to businesses' payment flows.
While crypto is indeed a very innovative alternative payment method that can attract a whole new type of customer to our checkouts, it does not come without risks.
Let me share a story from my book, which explains why we always need to think before we act.
One day an old client called me.
I hadn’t spoken with him for ages, but we were connected on social media, so he’d been observing my journey in the world of payments from afar. He had a couple of trading companies, which had been using the same traditional bank for decades for all their banking needs.
He explained that even though he wasn’t a crypto enthusiast, he had wanted to try this “new thing called Bitcoin”. He’d gone online, registered with one of the biggest and most well-known crypto exchanges, sent them €500 from his bank account, and trusting his luck, waited a month for the value to increase. He was lucky indeed, as one month later the value of the same crypto asset increased to €550.
Thinking that he shouldn’t push his luck any further, he initiated a withdrawal on his investment directly back to the bank account he’d sent the original funds. Even though he’d gotten lucky in his trading, his luck ran out when it came to his bank.
Apparently, not only did they deny receiving any proceeds from a crypto exchange, but they also flagged his account and placed him in a higher-risk category for his crypto-related trading activities. His shock deepened when he got a phone call from the bank. This same bank handled all his company accounts, whereby he was listed as the ultimate shareholder and director, so since he himself was categorized as high risk, the bank also put all his companies into a higher risk category, which resulted in him paying higher bank fees.
Unfortunately, his Bitcoin adventure and €50 profit eventually resulted in the loss of approximately €2000 in banking fees within just one year.
While crypto is indeed a very innovative alternative payment method that can attract a whole new type of customer to our checkouts, it does not come without risks.
Let me share a story from my book, which explains why we always need to think before we act.
One day an old client called me.
I hadn’t spoken with him for ages, but we were connected on social media, so he’d been observing my journey in the world of payments from afar. He had a couple of trading companies, which had been using the same traditional bank for decades for all their banking needs.
He explained that even though he wasn’t a crypto enthusiast, he had wanted to try this “new thing called Bitcoin”. He’d gone online, registered with one of the biggest and most well-known crypto exchanges, sent them €500 from his bank account, and trusting his luck, waited a month for the value to increase. He was lucky indeed, as one month later the value of the same crypto asset increased to €550.
Thinking that he shouldn’t push his luck any further, he initiated a withdrawal on his investment directly back to the bank account he’d sent the original funds. Even though he’d gotten lucky in his trading, his luck ran out when it came to his bank.
Apparently, not only did they deny receiving any proceeds from a crypto exchange, but they also flagged his account and placed him in a higher-risk category for his crypto-related trading activities. His shock deepened when he got a phone call from the bank. This same bank handled all his company accounts, whereby he was listed as the ultimate shareholder and director, so since he himself was categorized as high risk, the bank also put all his companies into a higher risk category, which resulted in him paying higher bank fees.
Unfortunately, his Bitcoin adventure and €50 profit eventually resulted in the loss of approximately €2000 in banking fees within just one year.
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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
