Finance:Fixed Acquirer Network Fee
From HandWiki
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
- ↑ "Visa Fixed Acquirer Network Fee (FANF)" (in en-US). CardFellow. 2012-03-15. https://www.cardfellow.com/fixed-acquirer-network-fee-visa/.
- ↑ "Visa Fixed Acquirer Network Fee | Clearent" (in en-US). Clearent. http://www.clearent.com/resources/visafanf/.
- ↑ "What the FANF Is Visa Charging You?!" (in en-US). Merchant Maverick. 2014-01-03. https://www.merchantmaverick.com/what-the-fanf-is-visa-charging-you/.
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