Do you know that under the revised credit card code of conduct, small business owners also have more rights? They must be notified in advance if a processor is not passing on the savings from the fees reduction, and they can now switch to a different processor without penalty. Given the number of competitors in the payment processing space, do you not think this recent decision by Stripe leaves an opening for your SME customers to look elsewhere—to your competitors?
On December 12th, 2024. See this statement in context.