Interchange

 

MasterCard Location Fee

Effective February 2017 MasterCard will begin charging an annual MasterCard Location Fee of $15.00.  This fee will be assessed in monthly increments of $1.25 per month and passed directly through to the merchant statement, one month in arrears.  The fee is based on each merchant’s total number of physical locations processing $200 or more in MasterCard sales each month. 

VISA FANF (Fixed Acquirer Network Fee)

The Visa VANF fee was announced in April 2012 and is a monthly fee assessed on a merchant taxpayer basis and includes all merchant accounts owned by a business for credit card transaction processing.  The MasterCard ALF (Applied License Fee) is also included in this total fee.
The amount of the fee that is applied depends on the merchant category code, the mix of card present and card not present volume and the number of locations businesses operate.  The fee can vary from month to month for each merchant depending these factors.  This fee is also charged a month in arrears on monthly merchant statements.
For merchants who process all of their transactions in a card present environment that are not considered to have “high volume MCC’s” the monthly fee is determined as below:
 

Tier # of Locations Fee Per Location
1 1 $2.00
2 2 $2.00
3 3 $2.00
4 4 $2.90
5 5 $2.90
6 6 - 10 $2.90
7 11 - 20 $4.00
8 21 - 50 $4.00
9 51 - 100 $6.00
10 101 - 150 $8.00
11 151 - 200 $10.00
12 201 - 250 $14.00
13 251 - 500 $24.00
14 501 - 1,000 $32.00
15 1,001 - 1,500 $40.00
16 1,501 - 2,000 $50.00
17 2,001 - 4,000 $60.00
18 4,001 (max) $65.00
19 < $200 monthly gross sales volume $0.00
20 $200 - $1,250 monthly gross sales volume 0.15%

For merchants that are considered high volume, the rates are seen below.  High volume merchants include the following:  Airlines, Auto Rental, Lodging, Warehouse Stores and Wholesale Clubs, Discount Stores, Department Stores, Supermarkets, Car/Truck Dealers, Auto Tire Stores, Petroleum, Family Clothing Stores, Furniture Stores, Electronic Stores, Drugstores, and Theatres.
 

Tier # of Locations Fee Per Location
1 1 $2.90
2 2 $2.90
3 3 $2.90
4 4 $4.00
5 5 $4.00
6 6 - 10 $4.00
7 11 - 20 $5.00
8 21 - 50 $5.00
9 51 - 100 $8.00
10 101 - 150 $12.00
11 151 - 200 $18.00
12 201 - 250 $25.00
13 251 - 500 $35.00
14 501 - 1,000 $45.00
15 1,001 - 1,500 $55.00
16 1,501 - 2,000 $65.00
17 2,001 - 4,000 $75.00
18 4,001 (max) $85.00
19 < $200 monthly gross sales volume $0.00
20 $200 - $1,250 monthly gross sales volume 0.15%

All merchants are also subject to the FANF with their monthly card not present volume.  This is calculated based on the table below.

Tier Monthly Gross Volume Fee Per Month
1 < $200 $0.00
2 $200 - $1,249 0.15%
3 $1,250 - $3,999 $7.00
4 $4,000 - $7,999 $9.00
5 $8,000 - $39,999 $15.00
6 $40,000 - $199,999 $45.00
7 $200,000 - $799,999 $120.00
8 $800,000 - $1,999,999 $350.00
9 $2,000,000 - $3,999,999 $700.00
10 $4,000,000 - $7,999,999 $1,500.00
11 $8,000,000 - $19,999,999 $3,500.00
12 $20,000,000 - $39,999,999 $7,000.00
13 $40,000,000 - $79,999,999 $15,000.00
14 $80,000,000 - $399,999,999 $30,000.00
15 > = $400,000,000 $40,000.00

MasterCard’s Acquirer License Fee (ALF) 

MasterCard’s Acquirer License Fee (ALF) is .0362 percent calculated each month based on MasterCard processing for the prior month. Charges for this fee will be billed a month in arrears and reflect in the Acquirer Network Fee on your monthly merchant statement.

If you have any questions about Visa’s charges please do not hesitate to contact us.

Peoples Bank Business Services Group

4183 Meridian Street
Bellingham, WA 98226

Department: (360) 647-4420
Customer Service: (800) 584-8859
Business Services Toll Free Line: (877) 333-2535

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