Chamber of entrepreneurs and small businesses, Mr. LAHAV has agreed with the credit card company «Isracard» to substantially reduce the amount of clearing fees to its members.
The agreement covers approximately 200 thousand individual entrepreneurs and small businesses.
Under the agreement, from 1 September the fee will be reduced to 1.1% of the transaction amount (1,21% of the transaction amount for 11 months and the release from the Commission for the 12th month).
In addition, for members of the LAHAV accepting American Express credit cards, the decrease in clearing fees to 1.99% will take effect immediately, not in 2020.
Recall that in late July of this year, Israeli credit card companies possessing the rights to use the brand “American Express” and “Diners club”, announced the gradual reduction of fees for the settlement of accounts with credit cards of these brands 50%. By 2020, the fees will not exceed of 1.99%.