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What The FANF Is Visa Charging You?!

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Tom DeSimone
Based in New York’s Hudson Valley, Tom has written for Merchant Maverick since 2013. His work is cited by publications including TechCrunch, Washington Business Journal, and Bank Advisor. He currently serves as Partner Marketing Manager, where he works to connect exceptional brands with the readers they serve best.
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3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Richard Hanfeld

    I have had a salesman from a new company called Beyond calling on me and was just curious what you know No contracts and no cancellation fees and really great rates

      Jessica Dinsmore

      Hi Richard,

      Unfortunately, we have not reviewed Beyond, so we can’t confidently give an assessment one way or the other.

        Spencer

        It looks like this page needs to be updated since prices changed April 1, 2015 but great info! I just switched card processors to North American Bancard… 2 months statements now. I noticed this odd $17 charge for Fixed Acquirer Network fee so I called and they said it was directly from Visa (not in first statement.) My questions now are; has there been any other changes other than the new fee schedule? Also you say this fee is billed quarterly… and my bill is for the month of August so not exactly near the end of a quarter? Another questions should also be; does Visa bill just one account, if you have multiples under the same tax ID or lump it all into one. I have 2 account that I will be canceling with BofA (terminal & one for eCommerce), Paypal account that accepts Visa and my new account. Any info would be great if you have any insight to give. I’m just trying to make sure my credit card company is on the level about this fee. Also some added bit of info that may be helpful; I do most transactions manually into a terminal or through website, and some of my products are furniture. Thanks

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