Notice: Updated Merchant Card Fees

MasterCard®, Visa® and Discover® have announced several fee changes, which will take effect in April 2015. Please see below for details on each fee.

MasterCard Cross-border Assessments

Effective April 17, MasterCard will modify the Cross-border Assessments listed below. These fees apply to any credit, debit, Cirrus® or Maestro® card transaction in which the merchant’s country code doesn’t equal the account range’s country code.

  • Cross-border transaction in the merchant’s local currency — Rate increasing from 0.40 percent to 0.60 percent.
  • Cross-border transaction not in the merchant’s local currency — Rate increasing from 0.80 percent to 1.0 percent.

MasterCard AVS

Effective with the April merchant statements mailed in early May, SHAZAM will start passing through the following MasterCard Address Verification Service (AVS) fees to merchants on your behalf. SHAZAM began passing these fees to you in February 2014.

  • AVS Card Present — $0.0050
  • AVS Card Not Present — $0.0075

Visa AISA

Effective April 18, Visa will update the U.S. International Service Assessment (AISA) types and modify the following rates:

  • Base AISA — For dollar volume involving a U.S.-based merchant and a foreign card issuer when the transaction currency is U.S. dollars, the rate is increasing from 0.40 percent to 0.80 percent.
  • Enhanced AISA — For dollar volume involving a U.S.-based merchant and a foreign card issuer when the transaction currency isn’t U.S. dollars, the new rate is 1.20 percent.

Visa FANF

Effective April 1, Visa will modify the Fixed Acquirer Network Fee (FANF) structure.

  • Merchant’s monthly gross sales volume is $199.99 or less — The FANF will be $0.
  • Merchant’s monthly gross sales volume is $200–$1,249.99 — The FANF will be 15 basis points (0.15 percent).

The three tables below show the updated fee structure.

High-Volume MCC Merchants (Card Present)
Tier Locations Monthly Fee Per Location
1 1 $2.90
2 2
3 3
4 4 $4
5 5
6 6–10 $5
7 11–20
8 21–50
9 51–100 $8
10 101–150 $12
11 151–200 $18
12 201–250 $25
13 251–500 $35
14 501–1,000 $45
15 1,001–1,500 $55
16 1,501–2,000 $65
17 2,001–4,000 $75
18 4,001+ (maximum of 4,001 billable locations) $85
19 Monthly gross sales volume $0–$199.99(any number of locations) $0
20 Monthly gross sales volume $200–$1,249.99(any number of locations) 15 basis points (0.15 percent)

 

All Other MCC Merchants (Card Present)
Tier Locations Monthly Fee Per Location
1 1 $2
2 2
3 3
4 4 $2.90
5 5
6 6–10 $4
7 11–20
8 21–50
9 51–100 $6
10 101–150 $8
11 151–200 $10
12 201–250 $14
13 251–500 $24
14 501–1,000 $32
15 1,001–1,500 $40
16 1,501–2,000 $50
17 2,001–4,000 $60
18 4,001+ (maximum of 4,001 billable locations) $65
19 Monthly gross sales volume $0–$199.99(any number of locations) $0
20 Monthly gross sales volume $200–$1,249.99(any number of locations) 15 basis points (0.15 percent)

 

Merchant Aggregators and Fast-Food Restaurants (Card Not Present)
Tier Monthly Gross Sales Volume Monthly Fee
1 $0–$199.99 $0
2 $200–$1,249.99 15 basis points (0.15 percent)
3 $1,250–$3,999.99 $7
4 $4,000–$7,999.99 $9
5 $8,000–39,999.99 $15
6 $40,000–$199,999.99 $45
7 $200,000–$799,999.99 $120
8 $800,000–$1,999,999.99 $350
9 $2 million–$3,999,999.99 $700
10 $4 million–$7,999,999.99 $1,500
11 $8 million–$19,999,999.99 $3,500
12 $20 million–$39,999,999.99 $7,000
13 $40 million–$79,999,999.99 $15,000
14 $80 million–$399,999,999.99 $30,000
15 $400 million+ $40,000

Discover Acquirer Assessment Fee

Effective April 17, Discover will increase the Acquirer Assessment Fee (Dues & Assessments) from 0.105 percent to 0.110 percent.