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.
|3300-3499, 7512||Auto Rental|
|4411||Steamship / Cruise Lines|
|4829||Wire Transfer Money Order|
|5200||Home Supply Warehouse Stores|
|5309||Duty Free 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|
|5912||Drugstores and Pharmacies|
|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.