PayFair Scheme Governance
| Governance |
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PayFair is characterised by its open governance. Merchants have direct access to the PayFair governance to review with banks the level of intra-parties fees, the fees that are paid by the merchant, through the acquirer, to the issuing banks (referred to as “interchange” in other schemes”). Both banks and merchants have a decisive role for such elements that are critical to the fair functioning of a scheme. This open governance is not only ensuring a fair price today to all stakeholders but also a predictable one for the future. Through this governance, the costs of PayFair remain under control for its stakeholders, today and tomorrow. PayFair’s governance forums are further detailed under the section Rules and Regulations, which is accessible to both members and merchants. Contact PayFair if you require access to that section. |