You may have noticed a new fee on your April statement called VISA FIXED ACQUIRER NETWORK FEE. VISA introduced this fee starting April 1, 2012. The fee will vary from month to month and is based upon your previous month’s volume. For example, your FANF fee in April is based upon your VISA volume for the month of March. This fee may also vary depending on your number of merchant IDs and combination of Card Present/Card Not Present transactions. For details on your estimated fee click here.
As with all fees assessed by VISA, Wind River Financial will pass through this rate at cost. Please see our previous blog for more information on FANF. If you have any other questions on the April fees contact your Relationship Manager at 1-800-704-7253.