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Visa to modify acquirer service fees

Hero Visa Hero Visa Placehoder
23 OCTOBER 2019

Less than one minute read

Effective 25 January 2020, Visa will modify its acquirer service fees for both card-present and card-not-present transactions.

Card-present transactions

The current “Visa Acquirer Association Fee”,set at 1 bps on debit transactions and 1,4 bps on credit transactions, will be modified and renamed to “Visa Acquirer Card-Present Service Fee”. This modified fee will only apply on Instore transactions (CP) and will vary by country, ranging from 1 - 4 bps on Debit cards and 1,4 - 4,5 bps on Credit cards.

Card-not-present transactions

From January 25 2020, the current “Visa Europe E-com Fee” and “Visa Europe MOTO Fee” will be renamed as “Visa Acquirer Card-Not-Present Service Fee”. These current fees of 1 bps will also be increased to 2,8 bps for debit transactions and 3,3 bps for credit transactions (excluding domestic transactions in Israel, Turkey and Switzerland where 2 bps is charged for Debit and 2,4 bps for Credit). Previously, the “Visa Acquirer Association Fee” was applied on both card-present and card-not-present transactions.