The Fixed Acquirer Network Fee ( FANF ) is a fee That VISA Began Assessing Each of ict merchants for in April of 2012. [1] Ranging from $ 2 (USD) to $ 380,000 (USD), it is based on the size of the merchant. [2] For example, a high-volume merchant category code (MCC) with over 4000 locations would have to pay a price for the top of the spectrum, while a small business would end up paying somewhere near the bottom. [3]

References

  1. Jump up^ “Visa Fixed Acquirer Network Fee (FANF)” . CardFellow . 2012-03-15 . Retrieved 2017-08-05 .
  2. Jump up^ “Visa Fixed Acquirer Network Fee | Clearent” . Clearent . Retrieved 2017-08-05 .
  3. Jump up^ “What the FANF Is Visa Charging You ?!” . Merchant Maverick . 2014-01-03 . Retrieved 2017-08-05 .