Payment card brands periodically review their interchange rate programs, modifying them as they deem appropriate. This is to advise you that the payment card brands have recently announced modifications to many of their interchange rates and/or pass-through fees. Rates and qualification criteria for certain categories of Visa, Mastercard, Discover Full Acquiring, and/or American Express interchange are being changed, including certain categories of downgraded transactions. Effective with your April 2024 merchant statement, you will notice changes in your pass-through fees, and in your relative qualification percentages as we implement these changes.
Effective with your April 2024 statement, Visa is introducing a Commercial Assessment Fee of 0.01% that will apply to all U.S. Acquired POS volumes from transactions made with Visa Business Solutions Products.
Effective with your April 2024 statement, Visa will introduce a High Integrity Risk Fee of $0.10 for each card not present transaction and 0.10% to card not present volume processed in the following High Risk MCC codes: 5967 (Direct Marketing), 7273 (Dating Services), and 7995 (Betting, Lottery Tickets, Casino Gaming Chips).
Effective with your April 2024 statement, Visa is increasing the Visa Account Name Inquiry Fee from $0.05 to $0.10 for each account name inquiry performed as part of a zero-amount account verification transaction.
Effective with your April 2024 statement, Mastercard is introducing a new Mail Order/Telephone Order Fee of 0.015% on all U.S. cleared transactions defined as Mail Order/Telephone Order transactions.
Effective with your April 2024 statement, Mastercard will extend the Network Access and Brand Usage Fee (NABU) of $0.0295 to apply to non-domestic authorizations, non-domestic collection-only and non-domestic refund/credit transactions.
Effective with your April 2024 statement, Mastercard is increasing the existing Digital Enablement Pricing for card not present transactions greater than or equal to $1000 from a $0.20 maximum fee to a new fixed rate of $0.40.
Effective with your April 2024 statement, Mastercard is increasing Dues & Assessments from 0.13% to 0.14% for transactions less than $1000 and from 0.14% to 0.15% for transactions greater than or equal to $1000.
We thank you for your continued business. If you have any questions or require assistance, please contact the Customer Service number on your statement.