Staged Digital Wallet Fees

However, those days are long gone. In early 2017, Visa announced a staged digital wallet fee, which came well after Mastercard imposed a similar fee in 2013. These fees can result in higher interchange costs for small businesses. Which wallets does this affect, and will your business pay more to take digital wallets? Let’s dig …

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Visa Zero Floor Limit Fee

The fee basically acts as a penalty for submitting a transaction for settlement without first submitting it for proper authorization. As of 2022, Visa sets the zero floor limit fee at $0.20. Visa Assessment Fees If the term “assessment fees” is new to you, check out our in-depth guide to credit card processing for a …

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Visa’s Misuse of Authorization Fee

Sometimes called “ghost authorizations,” misused authorizations are transactions that are neither settled nor reversed properly. The fee attempts to cut down on such authorizations. Therefore, if you don’t follow a Visa authorization with a matching clearing transaction, you’ll incur the Misuse of Authorization Fee. You could also incur the fee in the case of a …

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Mastercard Acquirer License Fee

Assessment Fees As part of credit card processing costs, the credit card company sets the pricing themselves. Assessment fees apply to all business types and your credit card processor passes those charges to you. The Acquirer License Fee is one of many different assessment fee, which you can expect to pay when you accept Mastercards …

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