A Deal for Vend Helps an Acquisitive Lightspeed Bulk up As Covid Restrictions Ease – Digital Transactions digitaltransactions.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaltransactions.net Daily Mail and Mail on Sunday newspapers.
Authorize.Net payment gateway on Super Bowl Sunday, Feb. 7.
Visa announced Tuesday that it will waive Authorize.Net’s monthly gateway fee for the life of an account, along with transaction fees for the first 100,000 transactions, for businesses in the United States and Canada that sign up for Authorize.Net on Sunday. Visa values the savings for small businesses at more than $10,000 per business.
Visa says it is making the offer because many businesses still face challenges when it comes to accessing resources that enable long-term growth. Indeed, only 43% of merchants have embraced e-commerce, and 39% have added contactless card acceptance, Visa says.
Even early in the pandemic, it was apparent that acquirers needed digital onboarding, electronic payments and automated chargeback solutions to keep their footing in an acquiring landscape already facing disruption.