Wireless Terminals

It Costs Money to Make/Take Money:

There are always fees charged to businesses who process credit cards. Although some companies claim otherwise, Visa, MasterCard and Discover all have base fees they charge, no matter what kind of business you are. These fees are called interchange rates. The two links below contain some details on these rates.
Visa’s Rates
MasterCard’s Rates

As of December 13, 2012, there were over 195 merchant service providers advertising “Guaranteed Lowest Credit Card processing rates!”

Obviously, it’s difficult to sort through all the hype. Finding the lowest card fees should include start up costs, ongoing operating expenses, PCI compliance, and early termination fees.

Below is a list of typical fees added on to a monthly statement.

Based on Volume (Dollar Amount)

Based on Number of Transactions

For a more detailed view of these fees, dues, and assessments, click on the following links: Visa | Master Card | Discover

  • VISA ASSESSMENT

  • MasterCard ASSESSMENT

  • DIscover ASSESSMENT

  • ACQUIRER NETWORK FEE

  • MASTERCARD CROSS BORDER US

  • VISA INQUIRIES

  • MASTERCARD INQUIRIES

  • DISCOVER INQUIRIES

  • VISA BASE II TRAN FEE

  • VISA ACQUIRER PROCESSING FEE

  • MC NABU FEE

  • MC AVS – CARD NOT PRESENT

  • DISCOVER DATA USAGE FEE

  • ACQUIRER PROCESSOR FEE – DEBIT/PREPAID

  • VISA MISUSE FEE

Before you sign on the dotted line, be sure to obtain a copy of the “Terms & Conditions”. This is about a 12 page document that contains legal information including:

  • Processing Rate Increases

  • Annual Fees

  • Miscellaneous fees

For information on how merchants can offset the cost of processing by collecting a surcharge, click here.

For information on whether your business processes a high enough volume to offset the cost of a merchant account, see this section of our FAQ.

Visa Fees, Dues, & Assessments

  • .11% – Assessment
    The assessment applies to gross Visa transaction volume.

  • $0.0195 – Acquirer Processing Fee (APF) – Credit
    The Acquirer Processing Fee applies to all U.S.-based credit card authorizations acquired in the U.S. regardless of where the issuer/cardholder is located. If your business is based in the U.S., the acquirer processing fee will apply to all Visa credit card authorizations.

  • $0.0155 – Acquirer Processing Fee (APF) – Debit
    On April 1, 2012, Visa began charging a separate lower APF of $0.0155 for transactions involving a debit card.

  • Transaction Integrity Fee (TIF)
    Effective April 13, 2012, Visa will begin charging a Transaction Integrity Fee (TIF) of $0.10 on transactions involving Visa debit and prepaid cards that do not meet CPS requirements.

  • Variable – Fixed Acquirer Network Fee (FANF)
    Effective April 1, 2012, the FANF is a monthly fee that varies based on processing method, number of locations and volume. See the Fixed Acquirer Network Fee calculator to determine the FANF for your business.

  • $0.0023 – Settlement Network Access Fee — Also called a Visa Base II Fee
    Applies to all U.S.-based settlement transactions. If your business is based in the U.S., the settlement network access fee will apply to all Visa settlement transactions.

  • Note:
    The Settlement Network Access Fee (Visa Base II Fee) and Acquirer Processing Fee will both apply to the vast majority of credit card transactions for U.S.-based businesses bringing the total fee to $0.022

  • $0.045 – Misuse of Authorization Fee
    The Misuse of Authorization Fee applies to Visa authorizations that are not followed by a matching clearing transaction (or in the case of a cancelled or timed out authorization, not properly reversed).

  • $0.10 – Zero Floor Limit Fee
    Visa’s Zero Floor Limit applies to cleared transactions that can’t be matched to a previously approved or partially-approved authorization. In short, it applies to settlement transactions submitted without a proper authorization.

  • $0.025 – Zero Dollar Verification Fee
    The Zero Dollar Verification fee applies to Zero Dollar Verification messages (approved and declined). Zero Dollar Verification messages include the verification of the card account number, address verification (through AVS), Card Verification Value 2 (CVV2) and Single Message System (SMS) acquired Account Verification authorizations. The Visa Misuse of Authorization Fee does not apply to these requests. The fee applies when you want to verify a cardholder’s information without actually authorizing an amount of their card.

  • .40% – International Service Assessment Fee
    The International Service Assessment Fee applies to U.S. acquired transactions paid for with a card issued outside of the U.S.

  • .45% – International Acquirer Fee
    The International Acquirer Fee applies under the same circumstances as the International Service Assessment Fee noted above.

Master Card Fees, Dues, & Assessments

  • .11% – Assessment (Transactions less than $1,000)
    The assessment applies to gross MasterCard transaction volume.

  • .12% – Acquirer Brand Volume Fee (Transactions greater than $1,000)
    Note: Effective January 15, 2012 MasterCard’s Acquirer Brand Volume Fee increased from 0.12% to 0.13%. This assessment applies to consumer and business credit volume on transactions of $1,000 or greater. This assessment does not apply to signature debit transactions regardless of size.

  • $0.0185 – Network Access and Brand Usage Fee (NABU)
    Update: Effective January 8, 2012 the NABU fee will apply to U.S.-based authorization transactions regardless of whether the transaction is settled. Prior to January 8, 2012 the Network Access and Brand Usage Fee applies to all U.S.-based settled transactions.

  • .40% – Cross Border Assessment Fee (Domestic)
    The domestic Cross-Border Assessment Fee applies to U.S. acquired transactions paid for with a card issued outside of the U.S. and settled in USD.

  • .0045% – Acquirer License Fee (ALF)
    Effective April 2012, MasterCard will begin charging 0.0045% as an Acquirer License Fee assessed on gross MasterCard processing volume. This fee is also referred to by several processors as a License Volume Fee.

  • .80% – Cross-Border Assessment Fee (Foreign)
    The foreign Cross-Border Assessment Fee applies to international transactions settled by U.S.-based merchants in a currency other than USD.

  • .55% – Acquirer Program Support Fee
    The Acquirer Program Support Fee applies under the same circumstances as the Cross-Border Assessment Fee (Domestic) noted above.

  • $0.0075 – AVS Fee (Card-Not-Present)
    MasterCard charges a fee each time a merchant access the address verification service when processing a transaction. MasterCard’s AVS fee is a little higher for card-not-present merchants than it is for card-present merchants. MasterCard’s AVS for card-present businesses is listed just below.

  • $0.005 – AVS Fee (Card-Present)

  • $0.025 – Account Status Inquiry Fee
    The account status inquiry fee is charged for transactions where a merchant does actually authorize an amount on a cardholder’s account, but instead, validates aspects of her account. Account status inquiry transactions may include requests for address verification service (AVS), card validation code (CVC2), or both. MasterCard implemented the account status inquiry service on June, 14 2011 in place of support for AVS-only transactions.

  • $0.055 – Processing Integrity Fee (Card-Present, Card-Not-Present, No reversal)
    Effective June 14, 2011 MasterCard began charging acquirers a Processing Integrity Fee of $0.045 to encourage merchants to abide by proper transaction authorization standards. MasterCard increased the Processing Integrity Fee by $0.01 to $0.055 on November 1, 2011. The Processing Integrity Fee will apply in the following instances:

    • Card-present: Transactions are not settled, cleared, or reversed within 24 hours of the original authorization transaction/request

    • Card-not-present: Transactions are not settled, cleared, or reversed within 72 hours of the original authorization transaction/request

    • No reversal: An authorization transaction cannot be matched to a corresponding settlement record after a period of 120 days

    • Exempt merchants: Travel and entertainment merchants classified as MCC 3351-3441, 3501-3999, 4411, 7011 and 7512 are exempt from the Processing Integrity Fee

Discover Fees, Dues, & Assessments

  • 0.105% – Assessment
    The assessment applies to gross Discover card transaction volume.
    Update: On April 13, 2012, Discover’s assessment increased from 0.10% to 0.105%.

  • $0.0185 – Data Usage Fee
    The Data Usage Fee applies to all U.S.-based authorization transactions.

  • $0.0025 – Data Transmission Fee
    The Data Transmission Fee applies to all sale transactions.

  • .40% – International Processing Fee
    The International Service Fee applies to U.S. acquired transactions paid for with a card issued outside of the U.S.

  • .55% – International Service Fee
    The International Service Fee applies under the same circumstances as the International Processing Fee noted above.