Fixed Acquirer Network Fee (FANF) Visa
Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
Visa’s new Fixed Acquirer Network Fee increased credit card processing fees across the board.
Despite how it sounds, you may incur the international acquirer fee even if you don’t think you take international payments. That’s because the fee applies to transactions in the United States made with cards issued outside of the United States. If a foreign customer uses their card at your business, the fee will apply. Visa …
Visa charges a number of different fees, called assessment fees. Every time you accept a Visa card, assessments apply. The Base II fee, or settlement network access fee, is one of those assessment fees. As of 2018, Visa sets the Base II fee at $0.0025. What is Visa Base I and Base II? Visa’s processing …
Visa Base II Fee or Settlement Network Access Fee Read More »
The International Service Assessment (ISA) fee only applies in situations where a US-based business accepts a Visa card issued by a non-US Bank. If you take card payments from foreign visitors in person or accept foreign transactions online, you may see the ISA fee as part of your processing costs. Visa’s Assessment Fees The ISA …
The Acquirer Processing Fee is sometimes called the Visa Authorziation Processing Fee. Note that Visa charges a separate acquirer processing fee for debit and credit card transactions. The APF for credit card transactions is $0.0195, and the APF for debit card transactions is $0.0155. For debit, the APF only applies to signature-based debit authorizations, not …
We’re leaving this article here for historical reference, but will not be updating it. Instead, new information about the Fixed Acquirer Network Fee (FANF) can be found at the post linked above. Visa has announced a new Network Participation Fee and pricing structure in response to the Durbin Amendment. Part of the amendment allows merchants …