Insights

Optimized Payments Introduces Free Online Calculator to Help Merchants Estimate Their Monthly FAN Fee

Visa’s Fixed Acquirer Network Fee (FANF) will be passed on to merchants beginning April 1st. The calculation of this fee is extremely complex and large merchants with many locations, multiple MCCs and mix of card present and card not present sales are having a difficult time calculating the impact of this fee to their organization. Optimized Payments Consulting has introduced a free online calculator that can help merchants estimate their monthly FAN fee. Read press release here.

More Industry News

April 2024: Card Brand Updates

  It's that time again - every April and October major credit card brands like Visa, Mastercard, Discover, and AmEx unveil updates to their interchange fee structures and programs. Understanding these changes is crucial for merchants, but we recognize that...

read more
Verified by MonsterInsights