For U.S. payments businesses, it is very crucial to have a good rapport with banks. However, some merchants are tagged as high-risk due to factors such as rule non-compliance, financial instability, or fraudulent activities. The Terminated Merchant File (TMF) and MATCH (Member Alert to Control High-Risk Merchants) List serve here....
FANF Fee – Visa Fixed Acquirer Network Fee
The Visa Fixed Acquirer Network Fee (FANF) is a mandatory charge for businesses accepting Visa cards. Introduced in April 2012, FANF helps fund Visa’s network maintenance. The fee varies based on business type, transaction method (card-present vs. card-not-present), number of locations, and monthly Visa sales volume. While small businesses with...
Square’s Pricing In 2024: A Comprehensive Analysis
Square, founded in 2009 by Jack Dorsey, has revolutionized the way businesses accept payments. With its user-friendly interface and innovative features, Square has become a popular choice for small and medium-sized businesses. As we look ahead to 2024, it is essential to analyze Square's pricing structure and understand how it...