Notice of New Fees by Visa and MasterCard

These were fees announced earlier this year. That in the past were past through to Visa by Acquirers. These new fees flow directly to the Card Associations and have new names. We will see more of this since both Associations are now For profit Corporations with Investors to please.

Here is an excerpt from an update I received yesterday.

Sales Update

Re: NABU – (MasterCard) Network Access and Brand Usage Fee &

APF– (Visa) Acquirer Processing Fee

The Card Associations have recently announced the following processing fees:

Visa: Introduced a U.S. Acquirer Processing Fee (APF) of $0.0195 applicable on all Visa-branded authorizations. In response to this added fee, effective July 1, 2009, Sage will increase your office cost by the VS APF amount of $0.0195.

MasterCard: In April, MC introduced a per item cost of $0.0185, applicable to all transactions. In response to this added fee, effective August 1, 2009, Sage will increase your office cost by the MC fee of $0.0185.

Additionally, effective July 1, 2009, a $0.02 APF fee for VS will be applied to the merchant base. The MC NABU fee of $0.02 will be applied to the merchant base on August 1, 2009. For new business going forward, the T&C’s will updated to include $0.02 as a standard non-negotiable fee.