
UK Card Fee Transparency Rules: What the PSR’s Visa and Mastercard Directions Mean for Subscription Billing
On July 30, 2026, the UK’s Payment Systems Regulator finalized two binding directions ordering Visa and Mastercard to disclose how they set scheme fees charged to acquirers, with compliance deadlines running from November 2026 through July 2027. For subscription businesses, undocumented scheme fees repeat on every renewal, compounding against MRR long before UK acquirers get full transparency.