Credit Card Processing

The Best Merchant Services Rates

The worst thing you can do for your business is call a processor and ask, “What are your rates?” or choose a company based on their inclusion in a “best processing rates” table. But that doesn’t mean we can’t show you how to find the most competitive pricing. In this article, we’ll discuss the role…

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When looking for the best merchant services rates, most business owners mean that they want the lowest possible pricing to take credit cards. For lowest total cost, “rates” isn’t the full picture.

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Credit Card Processing

Visa Claims Resolution Fees and Explanations

VCR may result in some new fees if you incur a chargeback. In late 2018 or early 2019, you may have seen a notice on your processing statement about upcoming VCR charges. For example, some businesses saw this explanation: Visa recently announced they are delaying the time-based dispute response and acceptance fees associated with Visa…

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Visa Claims Resolution (VCR) is a chargeback management system that Visa rolled out in 2018. It’s designed to streamline Visa’s chargeback process.

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Credit Card Processing

Mastercard Acquirer License Fee

Assessment Fees Acquirer License Fee (ALF) Locating the Acquirer License Fee on Statements Lowering Credit Card Processing Costs 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…

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The “Acquirer License Fee” (ALF) is a Mastercard assessment fee that gets passed to businesses as part of the cost of credit card processing. The fee varies, but is often listed explicitly on processing statements. Let’s take a closer look at the fee and when it will be charged.

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Credit Card Processing

Kilobyte Access Fee (Visa and Mastercard)

Assessment Fees Kilobyte Access Fee Locating the KB Fee on Your Processing Statement Lowering Processing Costs Assessment Fees Both Visa and Mastercard charge assessment fees as a way to make money from credit card transactions. Assessment fees are typically small (often fractions of a penny) but multiple assessment fees can apply to the same transaction….

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Visa and Mastercard both charge a Kilobyte Access Fee as one of their assessment fees for credit card processing. As of 2018, Visa’s fee is set at $0.0047 while Mastercard’s is $0.0035. The fee is charged for each authorization transaction submitted to the card network for settlement. Let’s look at what that means and how to determine your costs for the Kilobyte Access Fee.

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Credit Card Processing, ecommerce

Mastercard’s AVS Fee

As of 2018, Mastercard set the AVS card-present fee at $0.005 and the AVS card-not-present fee at $0.01. Mastercard Assessment Fees AVS Fee Scenarios Locating the AVS Fee on Processing Statements Lowering Your Processing Costs Mastercard Assessment Fees There are a few different types of fees for credit card processing. Assessment fees are fees that…

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There are actually two ‘versions’ of the Mastercard AVS Fee: Card-present and card-not-present. The fee is charged when your business utilizes the Address Verification Service to check that the address provided by a cardholder matches the address on file with the credit card company.

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Credit Card Processing

Mastercard Card Validation Code (CVC2) Fee

As of 2018, Mastercard charges $0.0025. Let’s take a closer look at the criteria for the fee and how to determine if you’ve been charged. Card Validation Code Fee Mastercard Assessment Fees Locating the CVC2 Fee on Your Statement How to Find More Competitive Processing Card Validation Code Fee As mentioned above, the CVC2 Fee…

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Mastercard’s Card Validation Code 2 (CVC2) Fee is a charge that applies when you submit the CVC2 (three-digit code on the back of a customer’s card) with a transaction for authorization.

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Credit Card Processing

Mastercard Account Status Inquiry Fee

As of 2018, Mastercard sets the Account Status Inquiry Fee at $0.025. Mastercard Processing Fees Account Status Inquiry Fee Fees on Your Processing Statement How to Lower Your Processing Costs Mastercard Processing Fees The fees that Mastercard charges for credit card processing are called assessment fees. They’re one part of the total cost to process…

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As the name implies, Mastercard’s Account Status Inquiry Fee is charged when a business requests information about the status of a cardholder’s account, such as whether the card is valid, but doesn’t actually charge the customer’s card.

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Credit Card Processing

Discover Network Authorization Fee

Discover implemented the Network Authorization Fee in 2013 to replace the Data Transmission Fee, which applied to fewer transactions. The Network Authorization fee is often charged in tandem with the Discover Data Usage Fee. However, some processors only list one or the other. As of 2018, Discover sets the fee at $0.0025. What are assessment fees?…

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The Network Authorization Fee is an assessment charge that applies to all Discover authorization transactions.

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