Fixed Acquiring Network Fee (FANF)
The Fixed Acquiring Network Fee (FANF) — also known as the Visa Acquirer Processing Fee — is a unique, recurring fee introduced by Visa in April 2012.
The FANF is designed to help offset the costs associated with upgrading and maintaining the extensive, robust Visa network that underpins millions of financial transactions every day.
This fee applies universally to all merchants that accept Visa cards, regardless of their size, industry, or the number of transactions they process. It’s important to note that the FANF varies and is calculated based on multiple factors. These factors include the following:
- the merchant’s business size
- the number of business locations
- the volume of Visa transactions processed each month
The application of the FANF can sometimes be complicated, especially for large businesses with multiple locations, and can significantly impact the overall costs of accepting card payments, making it a crucial consideration for businesses.