Fixed Acquirer Network Fee
The Fixed Acquirer Network Fee (FANF) is a fee that Visa began assessing each of its merchants for in April 2012.[1] Ranging from US$1.25 to $380,000, it is based on the size of the merchant.[2] For example, a high-volume merchant category code (MCC) with over 4,000 locations would have to pay a price near the top of the spectrum, while a small business would end up paying somewhere near the bottom.[3]
References
[edit]- ↑ "Visa Fixed Acquirer Network Fee (FANF)". CardFellow. 2012-03-15. Archived from the original on 2017-08-05. Retrieved 2017-08-05.
- ↑ "Visa Fixed Acquirer Network Fee | Clearent". Clearent. Archived from the original on 2017-08-05. Retrieved 2017-08-05.
- ↑ "What the FANF Is Visa Charging You?!". Merchant Maverick. 2014-01-03. Retrieved 2017-08-05.
External links
[edit]
  | This bank and insurance-related article is a stub. You can help Wikipedia by adding missing information. |