FANF (Fixed Acquirer Network Fee) Explained

Trying to budget for credit card transaction fees is tough. It’s tempting to think that it could be a lot easier – a flat fee or percentage would seem to do the trick. If your business processes Visa card payments, however, you’re probably somewhat familiar with the seemingly unpredictable FANF fee that appears on a monthly basis. The reason it seems to vary so wildly is because the FANF fee is calculated based on a number of details about your business as well as the nominal dollar amount of visa transactions every month. This article is intended to help you understand the Visa FANF fee and provides a step-by-step process for calculating your monthly FANF bill. What is FANF? FANF stands for Fixed Acquirer Network Fee. That is a fancy way of saying, “the cost of taking money from Visa cardholders for you.” The idea behind Visa FANF is that it’s a set fee that…

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