Keeping You Informed – Visa U.S. Acquirer Processing Fee

Coming off the heels of the 2009 Spring Interchange Report, Visa recently announced a new fee commencing  July 1, 2009. The Visa U.S. Aquirer Processing Fee (APF) will be applied to transactions obtained in the U.S. regardless of the origin of the cardholder or issueer.  The APF will be applied as a per transaction charge however it will not be assessed to the zero verification messages (when the merchant swipes the card to verify the card is valid without actually affecting the cardholder’s open-to-buy ) or authorization reversals (cancel the authorization on that card).

At this point, one can only expect that Discover/American Express may follow suit in the near future.

Posted in Understanding Merchant Services on April 21, 2009 by Sheree