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. Retrieved 2017-08-05.
- ^ "Visa Fixed Acquirer Network Fee | Clearent". Clearent. Retrieved 2017-08-05.
- ^ "What the FANF Is Visa Charging You?!". Merchant Maverick. 2014-01-03. Retrieved 2017-08-05.
External links
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