Visa Fixed Acquirer Network

On April 1, 2012, Visa initiated a new Fixed Acquirer Network Fee (“FANF”) assessed on a merchant Taxpayer ID basis, which Axia Payments started passing through on the merchant statements.

As your partner in electronic payments, Axia Payments is providing you the following information to help you understand these new fees and the impact on your business.

The new FANF charge will result in additional charges for all businesses that accept Visa credit and debit cards, regardless of who their merchant services provider is. This means that all acquirers, including Axia Payments and our competitors, will be assessed these fees.

At Axia Payments, we understand that the fees passed through from Visa and the other card associations impact your business and we want to make sure you understand how these fees will affect you. We also want you to know that we strive to make electronic payment processing as cost-effective as possible while providing exceptional service and support.

Separate FANF charges will be imposed on (i) merchants processing transactions where a cardholder is physically present (“CP Merchants”), with the exception of merchants primarily operating as Fast Food Restaurants and (ii) merchants processing transactions where a cardholder is not physically present (“CNP Merchants”), which shall include merchants acting as merchant aggregators for other merchants, or merchants primarily operating as Fast Food Restaurants (MCC 5814). If a merchant falls into both categories described above, the merchant will be charged the FANF charge.

For CP Merchants with less than 50% of their monthly Card Present sales volume from the High Volume Merchant Category Codes (“High Volume MCCs”) listed below, the FANF charges will be assessed on a per location basis. Fees will range from $2.00 per location per month for CP Merchants with one to three locations to over $25.00 per location per month for CP Merchants with more than 250 locations.

For CP Merchants with at least 50% of their monthly Card Present sales volume from the High Volume MCCs listed below, the FANF charges will be assessed on a per location basis. Fees will range from $2.90 per month for CP Merchants with one to three locations to $5.00 per location per month for CP Merchants with more than 20 locations.

High-volume MCCs

MCC(s) Description
3000-3299, 4511 Airlines
3300-3499, 7512 Auto Rental
3500-3999, 7011 Lodging
4411 Steamship / Cruise Lines
4829 Wire Transfer Money Order
5200 Home Supply Warehouse Stores
5300 Wholesale Clubs
5309 Duty Free Stores
5310 Discount Stores
5311 Department Stores
5411 Grocery Stores and Supermarkets
5511 Car and Truck Dealers / New / Used
5532 Automotive Tire Stores
5541 Service Stations (With or Without Ancillary Services)
5542 Automated Fuel Dispensers
5651 Family Clothing Stores
5655 Sports / Riding Apparel Stores
5712 Furniture / Equipment Stores
5732 Electronic Stores
5912 Drugstores and Pharmacies
5943 Stationery Stores
7012 Timeshares
7832 Motion Picture Theaters

 

For CNP Merchants, the FANF charges will be assessed based on gross merchant sales volume originating from any Visa-branded card. Fees will range from $2.00 a month for CNP Merchants with a volume of less than $50 per month to over $15,000 for CNP Merchants with a volume exceeding $40 million per month.