What Is the Fixed Acquirer Network Fee (FANF)?
Understanding Visa’s FANF and How It Affects Your Business
Understanding Visa’s FANF and How It Affects Your Business
Visa’s Fixed Acquirer Network Fee (FANF) is a mandatory charge imposed on businesses that accept Visa payments. This fee varies based on business type, processing volume, and transaction methods. Understanding FANF is crucial for merchants looking to optimize their payment processing costs.
Processing Volume
The total Visa transaction amount processed by your business.
Business Type
Whether your business is card-present (brick-and-mortar) or card-not-present (e-commerce/online sales)
Merchant Category Code
The industry classification of your business.
Stay Informed & Save Money
Understanding FANF is crucial for managing processing costs efficiently. Stay informed about industry updates and best practices to keep your payment fees as low as possible.
Contact us today to explore strategies for reducing your FANF
How to Reduce or Optimize Your FANF
Merchants can take several steps to minimize their FANF:
Review Your MCC:
Ensure your business is classified correctly to avoid higher fees.
Optimize Processing Structure
If you operate multiple locations, consider consolidating accounts to lower FANF.
Work With a Payment Consultant:
Experts can help analyze your statements and recommend cost-saving strategies.
Frequently Asked Questions About FANF Fees
Get clear answers to common questions about Fixed Acquirer Network Fees (FANF), how they work, and their impact on your business.
What is FANF in simple terms?
FANF is a fixed fee that Visa charges businesses for accepting their cards.
Does every merchant pay FANF?
Most merchants processing Visa payments are subject to FANF, though some exemptions exist.
Can I negotiate or avoid FANF?
While FANF is non-negotiable, structuring your business properly can reduce its impact.
How do I know how much FANF I am paying?
FANF charges appear on your monthly merchant statements.
Is FANF the same for all credit card processors?
FANF is a Visa-mandated fee, so all processors pass it along, but rates may vary based on classification.
Why Does Visa Charge a FANF?
Visa introduced FANF to offset network maintenance costs and ensure secure transaction processing. Unlike percentage-based fees, FANF is a fixed cost that applies regardless of your transaction count.
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